Corporate America begins to worry about the recession as growth slows.
By the end of 2023, some American businesses anticipate a recession, which has prompted their senior executives to emphasize the subject on quarterly earnings calls.
The U.S. Federal Government
(Reuters) - The U.S. Federal Reserve's chosen gauge of inflation, the personal consumption expenditures price index, showed the sharpest increase since 1982 in June with a 6.8 percent gain.
Although it is unlikely to be severe and abrupt, Morgan CEO James has warned that the United States may have a recession in the style of Stanley Gorman.
continues to refer to the difficulties facing the American economy as a "storm" in the future.
Banking & Finance
Due to relatively solid consumer spending and a healthy labor environment, Citigroup CFO Mark U.S. is better positioned to weather a recession than Mason.
According to Goldman CFO Denis Bank, the macroeconomic data used by the Sachs Group Coleman to predict GDP growth would be less reliable.
The America Alastair loan portfolio of the bank, which is moving in a positive direction, has no indication of a recession, according to the CFO of the bank.
Even though Campbell stated he predicted a recession without being specific about a date, American CFO Jeffery AmEx officials remain positive about the future for Express Co Campbell customer spending in a hypothetical economic slowdown.
CEO of Visa Inc. Alfred "Everyone, in my opinion, is currently debating whether or not we will see a recession. Without a doubt, the current state of inflation is high."
CEO of McDonald's "The macro-uncertainty has only become worse over the past six months, which has contributed to weak consumer confidence throughout the world and the potential for a worldwide recession.
We are making plans for a larger variety of possibilities." James Will, CEO of Coca-Cola Co., increases prices more in countries where expenses are rising.
Preparing for a slump in the economy by investing in more affordable and smaller packaging. However, historically speaking, the company's products have been among the last to see a drop in demand during recessions.
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Retail & Commerce
CFO of Amazon.com Brian Inc Olsavsky The firm is rethinking its recruiting goals and most certainly won't employ as quickly as in recent years. CFO of Best Buy Co.
Matt It is challenging to predict how long the weaker sales environment will last and how it will affect our business as we look ahead to the second half of the year because of the continuing uncertainty surrounding macroeconomic circumstances and consumer electronics demand, according to Bilunas.
CEO of Walmart Inc. Doug "Retailers like Walmart in the United States are having to spend more money on markdowns for clothing due to rising food and gasoline prices. The pressure on general merchandise is now expected to increase in the second half."
Digital & Ecommerce
CEO of Meta Mark said that the company appears to be in the midst of a financial crisis that will have a significant influence on the digital advertising industry, according to Platforms Zuckerberg.
CFO of Apple Inc. Luca Despite the fact that global macroeconomic indicators are going negative, demand for iPhones has not decreased.
David, CEO of Boeing Although we are aware of the recession-related worries that Calhoun is fostering, neither the aviation sector nor our clients have yet been harmed.
Paul, general CFO "Everywhere there is some amount of recession. As we simulate the recession, we must determine what will happen to commodities, logistics, etc., according to Motors Co. Jacobson."
CEO of 3M Company Michael "With a wide strategy, we navigate recessions and any type of Roman downturn. And given the economic climate, we'll take the necessary action."
Ford Motor CFO John Says that a solid product lineup and three years of stalled demand may allow the business to weather a potential slump.
Robert, CEO of Abbott Most economic indices indicates Laboratories Ford to a higher probability of recession. Health care has shown to be quite robust in such a macroeconomic climate.
Copyright 2022 Thomson Reuters.
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