Most CEOs Expect A Recession In Next Year, Survey Says

According to a survey published Friday, 76.1% of chief executives believe there will be a recession in their company before the end of the year.

According to a survey conducted by the Conference Board among 750 CEOs and other C-suite executives, 45% think there will be a recession by the end of the year.

There will be a recession by the end of the year.

The majority of CEOs don't think there will be a recession in the next couple of years.

The survey was done before the Federal Reserve hiked interest rates.

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Inflation is at a four-decade high, the S&P 500 is down more than 18% so far this year, and the U.S. GDP shrunk in the first quarter of the year. The rate increase by the Fed this week raises the risk of a recession, according to a Morgan Stanley equity strategist.

Contra

In an interview with the Associated Press, Biden said that a recession is not inevitable. Nationwide chief of investment research Mark Hackett, who said last week that fears are being overblown, is one of a number of experts who agree with Biden.

A survey suggests that recession fears have increased among CEOs.

The stock market plunges as the Fed rally deflates fears that a recession is inevitable.

Biden says that a recession is not inevitable and that the nation's mood is down.

Experts worry that the fight against inflation will cause a recession.