Overwhelming Majority of CEOs Say They’re Preparing for Recession

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Oct. 7, 2022. Spencer Platt/Getty Images

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.