It has not been a great year for the markets. Economists in Europe and the United States have become increasingly cynical in their predictions for the near future, and many feel that a recession is inevitable. They are hardly alone, either. A recent CNBC CFO Council survey interviewed 22 chief financial officers from major companies, from mid-May to early June. Sixty-eight percent of the CFOs interviewed believe that a recession will occur within the first half of 2023. No one interviewed believed that we will avoid a recession; likewise, no one forecasted the recession later than the second half of 2023.
It appears that a recession is inevitable. It’s not a question of “if” but “how soon.” This begs the question: what can you do to prepare?…