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Most CEOs in the world expect a recession in their regions

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More than 60% of directors and top managers of companies around the world expect a downturn in the economy within 12-18 months, according to a survey by The Conference Board. 15% of top managers believe that their regions are already in recession. A total of 750 people from Asia, Europe and North America, including 450 CEOs, took part in the survey. The Conference Board is a non-profit organization that unites more than 1.2 thousand structures from 60 countries. The results of the survey are cited by AFP. Top managers of companies call the consequences of the Russian military operation in Ukraine, problems in supply chains, the situation with coronavirus in China, and rising interest rates the main negative factors. They are also concerned about energy prices. The survey shows a deterioration in the mood of the company’s management. At the end of 2021, only 22% of respondents expected a recession, at the end of 2020 – 39%. About business activity in the Russian Federation – in the material “Kommersant” “It didn’t get worse – and that’s good.” More news in the Kommersant Telegram channel. .

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