Headlines

CFOs Believe There’s a 31% Chance That the U.S. Economy Will Be in Recession by the End of the Year

Published

8 years ago

March 11, 2016

INSTORE Staff

Optimism has dissipated in the last nine months.

Chief financial officers in the United States believe, on average, that there’s a 31 percent chance the national economy will be hit with a recession by the end of the year, according to the Duke University/CFO Global Business Outlook survey that’s cited by the Triangle Business Journal.

“The recession outlook has worsened significantly in the last nine months,” John Graham, a finance professor at Duke’s Fuqua School of Business and director of the survey, told TBJ. “Last June, the odds of recession were low in many countries, including the U.S., Canada and much of Europe. Today, driven in large part by slowing emerging economies and volatile financial markets and commodity prices, the risk is relatively high around the world.”

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”