Nearly two-thirds of top CEOs expect a recession by the end of 2023, triple the number at the start of the year, new survey shows

A majority of CEOs think a recession will happen by the end of next year, according to a survey.

According to the Conference Board, more than half of executives think there will be a recession in their region. The Conference Board found 22% of CEOs saw recession risk.

The bleak outlook business leaders have for the foreseeable future is reflected in the latest survey. 15% of CEOs said that their region is in a recession.

In addition to recession fears, many pointed to inflation, reeling energy markets, and conflict as economic threats.

The war is fueling inflation through higher costs for scarce inputs and energy price fluctuations. The authors of the survey wrote that they were concerned about margin compression.

Russia's war on Ukraine poses risks to supply chains and global fuel supplies that could be worsened by China's emergence from COVID-19 lockdowns.

A number of top CEOs have spoken out about the economy recently. Jamie Dimon warned of a coming economic "hurricane".

Companies across sectors have slowed down hiring recently. Meta won't be adding staffers at the same rate as previous years, while the real estate sector has hit the brakes on hiring due to the downturn in the housing market.

"Bond King" Jeff Gundlach said a recession is highly probable for the US economy, and doubted that the Fed would be able to pull off a soft landing.