U.S. Recession Chances Increasing: Duke University/CFO Global Business Outlook Survey (Video)
- Sarah A Sherman
- Mar 11, 2016
- 1 min read
Updated: Nov 7, 2023
CFOs are becoming more pessimistic of the U.S. economy in 2016 according to the latest Duke University/CFO Global Business Outlook Survey.
According to CFO magazine which summarized the survey, CFOs, on average, think that “there is a 31% chance that the U.S. economy will be in recession by year-end 2016, double the 16% chance predicted just nine months ago.”
“The executives say the biggest risk factors to cause recession are the slowdown in China (59% of CFOs assign China as a significant risk), political turmoil in the United States (53%), a stock market decline (50%), and the price of oil (40%).”
In the video above, John Graham, finance professor at Duke’s Fuqua School of Business, also discusses the survey and the rising concerns by CFOs.
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