America's CFOs are bracing for a 2020 recession -CNN Business
"The longest economic expansion in modern American history could come to a screeching halt right before the 2020 presidential election. At least that's what US finance leaders fear.
Nearly half (48.1%) of chief financial officers in the United States are predicting the American economy will be in recession by the middle of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday. And 69% of those executives are bracing for a recession by the end of 2020....'We're overdue for one of those cleansing recessions,' Duke professor John Graham said in an interview. Graham said CFOs are growing more certain of a 2020 recession because of the paralyzing consequences of economic and political uncertainty - including trade wars - on business. 'Faced with uncertainty, companies may pause by holding off on spending and hiring. That can turn into a self-fulfilling prophesy,' he said....Graham pointed to an unmistakable deterioration in sentiment among America's finance chiefs...'We've shifted from very optimistic to a downward trend with dark clouds on the horizon,' said Graham."