"Even before the bond yield inverted Opens a New Window. and the Federal Reserve Opens a New Window. sounded a cautious note for the year ahead, some of North America’s top finance executives stressed the increasing likelihood of an economic downturn in the U.S.
According to a new study published on Wednesday by Deloitte, nearly three-fourths of CFOs said they expect a deceleration of economic activity by the end of 2020; however, of those surveyed, only 15 percent anticipated an outright recession.
That’s largely because the U.S.-China trade war, the length of business and credit cycles and slowing growth in China and Europe. The CFOs also cited concerns about rising interest rates, although the Fed has signaled it likely won’t raise the benchmark federal funds rate for the remainder of 2019, declining consumer confidence and political concerns."
According to a new study published on Wednesday by Deloitte, nearly three-fourths of CFOs said they expect a deceleration of economic activity by the end of 2020; however, of those surveyed, only 15 percent anticipated an outright recession.
That’s largely because the U.S.-China trade war, the length of business and credit cycles and slowing growth in China and Europe. The CFOs also cited concerns about rising interest rates, although the Fed has signaled it likely won’t raise the benchmark federal funds rate for the remainder of 2019, declining consumer confidence and political concerns."
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