The overwhelming majority of corporate executives are bracing for a recession, according to a new survey.
Nearly all 70 business leaders surveyed by Stifel Financial believe the U.S. economy is either already in a recession (18%) or will face one within the next 18 months (79%). Only 3% think one will be avoided entirely.
“We’ve been hearing it consistently,” said Michael Kollender, head of consumer, retail, and diversified industrials investment banking at Stifel.
“They believe that we are…
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