CEOs Are Predicting a Mild Recession in the U.S.
Written by Black Hot Fire Network on June 1, 2023
A recent survey of CEOs suggests that most expect a recession in the U.S. but that it will be “short and shallow.” For that reason, many aren’t anticipating layoffs and some are even still hiring. It points toward a continuation of the current tight labor market, even as the economy cools in response to the Federal Reserve’s interest rate hikes and the ongoing banking turmoil.
CEOs continue to send the same message about the U.S. economy: A recession is looming but persistent strength in the labor market will endure. Typically, corporate executives would . . .
