• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

98% of CEOs are prepping for US recession: survey

3 years ago
in Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

98% of CEOs are prepping for US recession: survey

Nearly all CEOs are readying for the U.S. economy to fall into a recession, according to a survey released Thursday by The Conference Board.

The survey, The Conference Board Measure of CEO Confidence, found that 98% of CEOs indicated they were preparing for a U.S. recession over the next year or year and a half. That figure is five percentage points higher than in the third-quarter survey.

Of those who anticipated a recession, 85% said they’re prepping for a “brief and shallow” one with “limited global spillover,” according to The Conference Board. About 13% said they are bracing for a “deep” U.S. recession “with material global spillover.”

The Commerce Department sparked fears of a recession last week after announcing U.S. GDP fell for a second quarter in a row at a 0.9% annualized rate.  (istock / iStock)

“CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” Dana Peterson, The Conference Board’s chief economist, said in a statement. 

Roughly 81% of CEOs said economic conditions had gotten worse compared to six months ago, a 4% increase from the third quarter, according to The Conference Board. Nearly three-quarters were pessimistic about their expectations for the coming six months, with 74% saying they thought conditions would get worse.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

U.S. economic growth, as measured by gross domestic product, fell in the first and second quarters of the year. According to the National Bureau of Economic Research, recessions are technically defined by back-to-back quarters of negative economic growth and characterized by slowing retail sales, high unemployment, falling income and low or negative GDP growth. 

Both consumer and wholesale inflation remained painfully high in September, FOX Business previously reported.

The consumer price index rose 0.4% from August and 8.2% from the prior year, the Labor Department said Thursday. 

Meanwhile, data released Wednesday showed the producer price index also rose, climbing 0.4% month-over-month and 8.5% year-over-year. 

According to the survey, 30% of CEOs also said their input costs have stayed the same or gone up but indicated they “expect to see easing by year end.” Conversely, just 3% said input costs have eased, enabling them to lower consumer prices.

Source: Fox business
Tags: 98% of CEOs are prepping for US recession: survey
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.