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(FOX BUSINESS) – Nearly all CEOs are readying for the U.S. economy to fall into a recession, according to a survey released Thursday by The Conference Board.
The survey, The Conference Board Measure of CEO Confidence, found that 98% of CEOs indicated they were preparing for a U.S. recession over the next year or year and a half. That figure is five percentage points higher than in the third-quarter survey.
Of those who anticipated a recession, 85% said they’re prepping for a "brief and shallow" one with "limited global spillover," according to The Conference Board. About 13% said they are bracing for a "deep" U.S. recession "with material global spillover."
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