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.
The poll also shows CEOs are very bullish about new developments in A.I., with 79% saying A.I. is likely to significantly enhance business efficiencies in their organization. You can read more from the new poll here.
A separate poll from JPMorgan also out this morning shows only 45% of midsize business leaders expect a recession before year-end, down from 65% six months ago.
How do you invest in this kind of economy? Our Fortune team taps the experts for their best advice in Fortune’s new Quarterly Investment Guide here.
Other news below.
Alan Murray
@alansmurray
alan.murray@fortune.com
