Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on Sept. 21, 2022.
The head of JPMorgan Chase & Co. said he expects the United States will be in a recession"six, nine months from now," and Europe is already in one.CEOs are battening down the hatches even though most are expecting a mild recession Meta's Mark Zuckerberg has reportedly told his staff to expect layoffs in the near future. And FedEx, which is seen as an economic bellwether, is closing stores and cutting back on deliveries as its CEO warns of a global recession.
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