Good Monday morning.
After a year of waiting for the Godot recession, CEOs seem to be giving up. In our latest poll of 143 CEOs conducted in collaboration with Deloitte (which sponsors this newsletter), only 38% said they had a “pessimistic” or “very pessimistic” outlook for the global economy for the next 12 months, down substantially from the 76% answering the same question last October.
But inflation fears remain strong. Indeed, 57% of the CEOs said they expect inflation to disrupt their business over the next 12 months. A similar percentage said they expected geopolitical developments to disrupt their business over the next year.
