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Stifel Financial: 97% of U.S. executives surveyed are preparing for a recession

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

NYSE-listed company A survey by Stifel Financial shows that most executives are preparing for a U.S. recession In addition, “53% of respondents Interviewers believe that inflation will be a problem in the U.S. recession. The next two quarters to a year.”

Most executives surveyed say recession is unavoidable

Stifel Financial Corp. (NYSE: SF) released a report last week on the state of the U.S. economy survey results. The St. Louis-based financial services firm surveyed 70 corporate executives, business owners and private equity investors between July 18 and August 5. According to the company:

Nearly all respondents believe the U.S. economy is already in recession (18%) or will Facing a recession in the next 18 months (79%).

Noting that 3 percent believe the U.S. economy will avoid a recession entirely, the company added: “Inflation and A tight U.S. labor market is the two biggest perceived threat”

Additionally, “53% of respondents believe inflation will be an issue over the next two quarters to a year, Another 43% of respondents expect price increases to continue, the financial services firm detailed.

The vast majority (81%) Major By passing rising costs on to consumers instead of absorbing costs in profit margins, cutting overhead or switching suppliers.

Many analysts, economists and executives shared their thoughts on whether the U.S. economy is headed for a recession.

Last week, JPMorgan CEO Jamie Dimon warned that things could get worse than a recession. Tesla CEO Elon Musk recently said that inflation has peaked, but we’re going to have a recession that could last about 18 months. Banks had predicted the U.S. would fall into recession this year.

President Joe Biden said earlier this month that the U.S. economy had zero inflation in July. His statement came as he Published after the government tried to redefine the technological definition of recession.

Tags in this story

Executives, Inflation, Inflation Survey, Recession, Recession Survey, Stifel Financial Corp, Stifel Inflation, Stifel Recession, Stifel Survey, U.S. Economy, U.S. Inflation, U.S. Recession

Do you think the US economy is headed for a recession? Let us know in the comments section below.

Kevin Helms

as Austrian Economics student, Kevin discovered Bitcoin in 2011, And has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.
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