Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Will Daniel

Cisco’s CEO at Davos says most executives are ‘very optimistic’ about the economy's future—despite Americans' recession fears

Chuck Robbins, chief executive officer of Cisco Technologies Inc., during a Bloomberg Television interview on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. (Credit: Hollie Adams/Bloomberg via Getty Images)

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.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.