According to a Chief Executive Group survey of more than 270 US CEOs, fears of a looming recession in the US economy have eased.
As indicated by the latest data, only 30% of respondents anticipate a recession within the next six months. This is a significant decrease compared to the May figure of 46% and the April survey result of 62%.
At the same time, the share of respondents expecting some growth in the American economy exceeded 40%. By comparison, in April, only 23% of respondents expressed such views.
Meanwhile, expectations of zero economic growth rose to 30% from 15% in April. This is related to mounting forecasts of a stagflation in the US economy, a scenario characterized by stagnant GDP growth and persistent inflation.
The latest data from Chief Executive reflects the changing views of corporate America's CEOs as they are watching President Trump's tariff policies unfold. Many large companies left their earnings forecasts unchanged, citing uncertainty over the trade outlook.