{"id":257,"date":"2022-10-17T06:12:00","date_gmt":"2022-10-17T06:12:00","guid":{"rendered":"https:\/\/live-script.xyz\/survey-98-of-ceos-preparing-for-us-recession-confidence-at-lowest-level-since-great-recession\/"},"modified":"2022-10-17T06:12:00","modified_gmt":"2022-10-17T06:12:00","slug":"survey-98-of-ceos-preparing-for-us-recession-confidence-at-lowest-level-since-great-recession","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/survey-98-of-ceos-preparing-for-us-recession-confidence-at-lowest-level-since-great-recession\/","title":{"rendered":"Survey: 98% of CEOs Preparing for US Recession \u2014 Confidence at Lowest Level Since Great Recession"},"content":{"rendered":"

The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. \u201cCEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,\u201d the organization said.<\/strong><\/p>\n

98% of CEOs Expect Recession in the US<\/h2>\n

The Conference Board<\/a> published its Measure of CEO Confidence on Thursday. The board is a global, non-profit research group with over 1,000 public and private corporations and organizations as members in 60 countries.<\/p>\n

The Measure of CEO Confidence is \u201ca barometer of the health of the U.S. economy from the perspective of U.S. chief executives,\u201d The Conference Board described, adding that its Q4 survey was conducted between Sept. 19 and Oct. 3 and a total of 136 CEOs participated.<\/p>\n

\u201cThe recent survey asked CEOs to describe the economic conditions they are preparing to face over the next 12-18 months,\u201d the board described, adding:<\/p>\n

An overwhelming majority \u2014 98% \u2014 said they were preparing for a US recession. Moreover, 99% of CEOs said they were preparing for an EU recession.<\/p>\n

Dana M. Peterson, chief economist of The Conference Board, commented: \u201cCEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession.\u201d<\/p>\n

Roger W. Ferguson, Jr., vice chairman of The Business Council and Trustee of The Conference Board, opined: \u201cCEOs are now preparing for near-inevitable recessions in both the US and Europe. While the vast majority still expect the US recession to be short and shallow, nearly 7 in 10 believe the EU will enter a deep recession with serious global spillovers.\u201d<\/p>\n

Many people have forecasted that the U.S. economy will slide into a recession. JPMorgan CEO Jamie Dimon warned that recession could hit in six months<\/a> and the stock market could easily drop 20% more. In June, the executive warned<\/a> that an economic hurricane is coming, advising people to brace themselves. In August, the JPMorgan boss doubled down<\/a> on his warning, cautioning that \u201csomething worse\u201d than a recession could be coming.<\/p>\n

Citadel CEO Ken Griffin said last month that inflation may have peaked but a recession is coming<\/a>. \u201cWe\u2019re in a very uncertain time for investors,\u201d Griffin stressed. Tesla CEO Elon Musk also believes that we will have \u201ca mild recession for 18 months<\/a>.\u201d<\/p>\n

Lawmakers are also worried about the U.S. economy sliding into recession. Senator Elizabeth Warren (D-MA) said in August that she is \u201cvery worried<\/a>\u201d about the Federal Reserve raising interest rates and tipping the U.S. into recession.<\/p>\n

What do you think about CEOs preparing for a U.S. recession? Let us know in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"

The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. \u201cCEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,\u201d the organization said. 98% of CEOs Expect Recession in the US […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nSurvey: 98% of CEOs Preparing for US Recession \u2014 Confidence at Lowest Level Since Great Recession - Latest Cryptocurrency & blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/survey-98-of-ceos-preparing-for-us-recession-confidence-at-lowest-level-since-great-recession\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Survey: 98% of CEOs Preparing for US Recession \u2014 Confidence at Lowest Level Since Great Recession - 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