
World leaders, CEOs, and hedge fund titans met in Davos, Switzerland for the World Economic Forum this week, and amid consistent predictions of an impending global recession, many remained upbeat about the future. At least that’s what Cisco CEO Chuck Robbins said on Wednesday when asked what he was hearing from his C-suite peers.
“Publicly, everybody is being asked, ‘Do you think we’re going to have a recession?’ And most people are saying, ‘Yeah, we’re probably going to have a mild one.’ Beyond that, we’re not really talking about it,” he told CNBC. “And I think most people are generally—over the near-term and the long-term—very optimistic.”