More than half of U.S. CFOs anticipate the economy will be in arecession within a year, with optimism at its weakest point since2016 as deteriorating prospects for earnings and difficulty findingqualified workers weighed on companies.
Some 53 percent expect the economy will be in a downturn by thethird quarter of 2020, while 67 percent see a recession occurringby the end of that year, according to the Duke University/CFOGlobal Business Outlook released Wednesday. The report showed anindex of sentiment dropped to 62.6 in the third quarter from 65.7.The survey was based on responses from 225 U.S. firms.
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