Recession is Top Fear of CEOs According to Conference Board

January 18, 2019 Share Print 0

As the World Economic Forum (WEF) in Davos approaches, a new survey of over 800 CEOs has revealed that global business leaders see recession as their number one external concern for 2019.

Threats to global trade and political instability ranked second and third, respectively, according to the survey Thursday by the research group The Conference Board.

The recession risk was touted as the number one concern in Japan, China and Latin America but was only placed third by American executives. In the U.S. threats to cybersecurity was listed as the source of greatest unease with new competitors second.

Trade barriers between the U.S. and China have created fears that a full-blown trade war could derail economies around the world. However, among the C-suite executives questioned in China, trade troubles ranked second while in the United States it came as low as fourth.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.