CEO of Wells Fargo & Co said it would be difficult to avoid a recession. Leader Frontier Airlines predict high airfare conditions that can last for many years. A veteran healthcare entrepreneur expects several startups to be wiped out during a recession.
Executives in industries as diverse as banking, agriculture and transportation said they were monitoring the impact of inflation and looking for signs of slowing, even as many continued to say the economy The economy remains healthy and consumer spending strong. Over three days this week at The Wall Street Journal’s Future of Everything Festival, entrepreneurs, CEOs and policymakers heard about the state of the economy and what could happen ahead.
https://www.wsj.com/articles/ceos-say-they-are-bracing-for-a-recessioneven-as-the-economy-remains-strong-11653000860?mod=pls_whats_news_us_business_f CEOs Say They Are Bracing for a Recession—Even as the Economy Remains Strong