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

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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.”

Read more at the Triangle Business Journal

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