Almost all CEOs say they are preparing for a recession in the United States, a recent survey shows.
When asked to describe the economic conditions in the next 12–18 months, 98 percent of CEOs said they were preparing for a U.S. recession in the recent Conference Board Measure of CEO Confidence survey.
However, most of the CEOs believed the recession in America will be “brief and shallow.”
Most CEOs also observed that demand for their company’s products or services increased or remained the same over the past three months.
The survey was conducted between Sept. 19 and Oct. 3 with 136 CEOs participating.
CEO confidence has sunk to its lowest level since the Great Recession, said Dana Peterson, chief economist of The Conference Board….