Top business leaders are preparing for the worst.
Federal Reserve officials maintain they’ll be able to get surging inflation under control without triggering a recession, but almost every chief executive in the United States is getting ready to face an economic downturn in the next 12 to 18 months, according to a recent survey from The Conference Board.
“Our CEOs are overwhelmingly bracing for a recession — both in the United States, and in Europe,” says Steve Odland, the head of the business trade group.
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