CEO confidence drops sharply on worries about inflation and recession

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CEO confidence drops sharply on worries about inflation and recession   An analysis by Lynn Franco, Senior Director, Economic Indicators and Surveys     Click on the chart to enlarge   The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council declined sharply in Q2 2022. The measure dropped to levels not seen since the start of COVID-19, with many CEOs concerned about inflation and a recession.   Nearly 60% of CEOs surveyed expected that inflation will come down over the next few years, but that the U.S. will have a very short, mild recession which the Fed offsets ("reverse soft landing"), while 11% foresaw a challenging recession. Twenty percent said inflation will stay elevated over the next few years, and U.S. growth will slow significantly (stagflation).   Furthermore, 60% of CEOs expected the short-term economic outlook to worsen, up from just 23% in Q1 2022. However, over the coming year 63% said they expect to expand their workforce and 38% said they expect to increase their capital budgets.   For more information on our just-released CEO Confidence survey, please visit our website.   Stay Informed The Conference Board Economy, Strategy & Finance Chart of the Week . The Conference Board is uniquely positioned to provide the C-Suite with a 360° view of implications for business and insights on what’s ahead related to the  global economy . Visit this page often as new resources are being added to help you effectively and confidently navigate key markets around the world.   Terms Of Use  |  Privacy Policy  |  Trademarks ©2022 The Conference Board Inc. All rights reserved. The Conference Board, 845 Third Avenue, New York, NY 10022