Stifel Financial: 97% of US Executives Surveyed Are Bracing for Recession

A survey by NYSE-listed Stifel Financial shows that astir executives are bracing for a recession successful the U.S. In addition, “53% of respondents judge that ostentation volition beryllium an contented for the adjacent 2 quarters to a year.”

Most Executives Surveyed Say Recession Cannot Be Avoided

Stifel Financial Corp. (NYSE: SF) announced the results of a survey it conducted connected the authorities of the U.S. system past week. The St. Louis-headquartered fiscal services institution surveyed 70 firm executives, concern owners, and backstage equity investors betwixt July 18 and Aug. 5. According to the company:

Nearly each respondents judge the U.S. system is either already successful a recession (18%) oregon volition look 1 wrong the adjacent 18 months (79%).

Noting that 3% deliberation the U.S. system volition debar a recession entirely, the steadfast added that “Inflation and the choky U.S. labour marketplace correspond the 2 biggest perceived threats to concern today.”

Moreover, “53% of respondents judge that ostentation volition beryllium an contented for the adjacent 2 quarters to a year, with different 43% expecting elevated prices to persist for adjacent longer,” the fiscal services steadfast detailed.

Meanwhile, fractional of the survey respondents are “very concerned” astir inflation, Stifel stressed, elaborating:

An overwhelming bulk (81%) are chiefly passing rising costs connected to consumers alternatively of absorbing costs successful nett margins, cutting overhead, oregon changing suppliers.

Many analysts, economists, and executives person shared their thoughts connected whether the U.S. system volition beryllium successful a recession.

Last week, JPMorgan CEO Jamie Dimon warned that “something worse” than a recession could beryllium coming. Tesla CEO Elon Musk precocious said that ostentation has peaked but we volition person a recession that could past astir 18 months. Bank of America has predicted that the U.S. volition descent into a recession this year.

President Joe Biden said earlier this period that the U.S. system had zero inflation successful July. His connection followed an effort by his medication to redefine the method explanation of a recession.

Do you deliberation the U.S. system volition beryllium successful a recession? Let america cognize successful the comments conception below.