Goldman Sachs headquarters in New York.
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A growing majority of the senior executives of the United States now expects the US economy to enter a recession in the near future, according to a survey published on Monday.
Of the more than 300 CEOs surveyed in April, 62% said they predicted a recession or other economic recession in the next six months, according to the executive director, a group of the industry that directs the survey. That is 48% who said the same in March.
The data of the executive director underlines the growing conern within corporate America around the future of the US economy. The fears of a recession of the face achieved at a boiling point in the last two weeks, since the tariff policy of President Donald Trump increased volatility in financial markets and caused panic among some consumers.
In fact, around three quarters of the CEO surveyed said that tariffs would damage their businesses in 2025. About two thirds said that he did not support Trump’s levia proposals, which are currently in pause.
Economic anxiety among executives
The monthly survey, which has been executed since 2002, includes several data points that paint a worrying image of how the main business leaders of the United States see the economy.
An index of CEO’s opinions about current commercial conditions fell 9% in April, continuing its decrease after looting 20% in the previous month. The measure is now at its lowest level since the first months of the pandemic in 2020.
By forecasting commercial conditions a year, the CEOS maintained their stable point of view from March. Even so, these readings were the lowest since the end of 2012 and have collapsed around 29% since the end of 2024.
The survey found that more than four out of every five executive directors of the costs of this year’s projects, which is not a surprise given the current negotiations on import taxes between the White House and foreign countries. About half forecast their percentage of increases in expenses to be in both digits.
In this sense, only 37% said they believe that their companies will increase. That is a strong 76% drop that gave this answer in January.
Without a doubt, the Executive Director’s data set included some brilliant points. Lightly, approximately half of or respondents said they foresee the commercial conditions that improved during the next year, an increase in 39% participation observed one month earlier.
Many CEO can also be obtaining tariff relief. Trump announced Friday night that smartphones and PCs would be exempt from duties, said Secretary of Thought Trade, Howard Lutnick, Aiday that these exemptions would be temporary.
The data of the Executive Director occur when US business leaders have begun to show warning signs in the country’s economic future.
JPMorgan Chase CEO Jamie Dimon said Friday waiting S&P 500 Companies fall due to uncertainty around Trump’s taxes. Also Friday, Black rock The CEO Larry Fink warned that the US economy can already weaken to the growth point that becomes negative.
“I think we are very close, if not, a recession now,” Fink in “Squawk on the Street” of CNBC said.