**Recession Fears Surge Among CEOs, Survey Suggests**
**More than 60% of executives see a recessionary period in next 12 to 18 months, according to the Conference Board survey**
**Concerns including energy costs, supply-chain snarls and China’s pandemic lockdowns are contributing to CEOs’ sense that a recession is likely.**
**By Alex Harring and Chip Cutter, The Wall Street Journal, June 17, 2022**
**More than 60% of CEOs expect a recession in their geographic region in the next 12 to 18 months, according to a survey of 750 CEOs and other C-suite executives released Friday by the Conference Board, a business research firm. An additional 15% think the region of the world where their company operates is already in a recession....**
**About one out of five CEOs don’t think there will be a recession in the next two to three years, while more than one-third of CFOs don’t expect a recession in that period....**
**The survey, which is based on data collected in May, was conducted before the Federal Reserve on Wednesday approved its largest interest-rate increase since 1994 and Fed officials said it was becoming more difficult to tame inflation while avoiding a recession...** [end quote]
Unemployment is very low and consumers are still spending. But energy prices are high and the Fed is tightening. The Treasury yield curve is slightly inverted in places. If the Fed continues to tighten the curve will either rise or it will become inverted, a harbinger of recession.
The CEOs are looking ahead.