Every Top Polled Business Executive Believes Recession Will Hit Soon: Survey

Every Top Polled Business Executive Believes Recession Will Hit Soon: Survey
A trader works on the floor of the New York Stock Exchange in a file photo. Mario Tama/Getty Images
Jack Phillips
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A recent survey found that top business executives believe a recession will hit the U.S. economy in early 2023 amid high inflation, historically high gas prices, and the Federal Reserve’s shift in monetary policy.

About 68 percent of chief financial officers who were surveyed by CNBC believe a recession will take place in early 2023, and no CFO forecast a recession taking place later that the second half of that year. No CFO, meanwhile, believes that the economy will avoid a recession, the survey found.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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