- September 4, 2022
- Posted by: Stratford Team
- Category: Economy
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end.
CFOs on Recession and US Economy
Deloitte, one of the Big Four accounting firms, published the results of its CFO Signals Survey for the third quarter earlier this week. The survey, conducted between Aug. 1 and 15, had the participation of 112 chief financial officers (CFOs) across the U.S., Canada, and Mexico. Deloitte explained that they represent diversified large companies, noting that 84% of respondents reported revenue in excess of $1 billion and more than one-quarter are from companies with greater than $10 billion in annual revenue.
According to Deloitte:
Forty-six percent of surveyed CFOs expect the North American economy to be in a recession by the new…
