SNIP
Alarm sirens from the C-Suite about a looming recession are gaining volume in America and elsewhere, but calls back to the office for full-time work are a lot softer.
Most CEOs across the globe shared the view that a recession is on the horizon and coming sooner than later, according to a Tuesday report from KPMG on business-leader outlooks.
Nine in ten CEOs in the U.S. (91%) believe a recession will arrive in the coming 12 months, while 86% of CEOs globally feel the same way, according to the findings from the international audit, tax and advisory firm.
That echoes the foreboding predictions coming from big name Wall Street investors like Stanley Druckenmiller.
In America, half of the CEOs (51%) say they’re considering workforce reductions during the next six months — and in the global survey overall, eight in ten CEOs say the same.
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The next crash is going to be bad. War looks like the only way since we can no longer use the classical methods to get out of a recession.
h/t Brown Star Kachina