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According to the chief economist of Conference Board, the majority of CEOs, namely 98%, are anticipating an upcoming recession.


Dana Peterson, chief economist at the Conference Board, and CNBC's Steve Liesman join CNBC's 'Squawk Box' to discuss why corporate executives expect the U.S. to enter a recession. For access to live and exclusive video from CNBC subscribe to CNBC PRO:  » Subscribe to CNBC TV:  » Subscribe to CNBC:  Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news:  Follow CNBC on LinkedIn:  Follow CNBC News on Facebook:  Follow CNBC News on Twitter:  Follow CNBC News on Instagram:  #CNBC #CNBCTV...(read more)


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A recent survey conducted by the Conference Board, a non-profit business research group, revealed that 98% of CEOs are expecting a recession in the near future. The survey, which was completed by over 600 global CEOs, showed a sharp increase in collective pessimism about the global economy. This is almost twice the number of CEOs who predicted a recession in the previous year's survey. The chief economist of the Conference Board, Bart van Ark, recently spoke to CNBC and explained that the CEOs, who represent various industries, “believe that the global economy is on the brink of recession, or at least a significant slowdown compared to current growth rates”. The survey showed that CEOs are particularly concerned about the ongoing trade tensions between the US and China, as well as political uncertainty and market volatility caused by Brexit. The global economic slowdown, particularly in Europe and China, is also a major concern for many executives. CEOs are now preparing their companies for tough times ahead. Many plan to cut costs and adopt a more cautious approach to hiring and expansion plans. According to the Conference Board, this could lead to widespread job cuts and delayed investments in new technologies. Despite the gloomy outlook, van Ark also highlighted several key factors that may help mitigate the impact of a potential recession. These include technological advancements, particularly in the fields of automation and artificial intelligence, which could help companies become more efficient and reduce costs. Additionally, van Ark suggested that companies should be proactive in adapting to changing market conditions, rather than simply waiting for a recession to hit. For example, companies that invest in research and development, diversify their customer base, and improve their supply chain management are likely to be more resilient during economic downturns. Overall, the Conference Board's survey highlights the growing concern among CEOs about the global economic outlook. While there are certainly risks and challenges ahead, it is important for companies to remain proactive and vigilant in order to weather the storm. By focusing on innovation and cost-cutting measures now, companies can position themselves for success in the uncertain years to come. https://inflationprotection.org/according-to-the-chief-economist-of-conference-board-the-majority-of-ceos-namely-98-are-anticipating-an-upcoming-recession/?feed_id=90231&_unique_id=64437cb35b984 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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