Stifel Financial: 97% of US executives surveyed are bracing for recession

A survey by NYSE-listed Stifel Financial shows that most executives are bracing for a recession in the U.S. In addition, “53 per cent of respondents believe that inflation will be an issue for the next two quarters to a year.”

Stifel Financial Corp. (NYSE: SF) announced the results of a survey it conducted on the state of the U.S. economy last week. The St. Louis-headquartered financial services company surveyed 70 corporate executives, business owners, and private equity investors between July 18 and Aug. 5. According to the company:

Nearly all respondents believe the U.S. economy is either already in a recession (18 per cent) or will face one within the next 18 months (79 per cent).

Noting that three per cent think the U.S. economy will avoid a recession entirely, the firm added that “Inflation and the tight U.S. labor market represent the two biggest perceived threats to business today.”

Moreover, “53 per cent of respondents believe that inflation will be an issue for the next two quarters to a year, with another 43 per cent expecting elevated prices to persist for even longer,” the financial services firm detailed.

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