In the meantime, corporate America is becoming increasingly alarmed about the instability that the tariff war is bringing to the world’s financial markets.
According to a recent survey, most of America’s leading business executives are concerned that the nation may soon experience a recession.
According to Chief Executive, an industry association that conducts the study, 62 percent of more than 300 CEOs surveyed in April said they anticipate a recession or other economic slowdown over the next six months.
In March, 48% of respondents stated the same thing.
Ray Dalio, the founder of Bridgewater Associates, one of the biggest hedge funds in the world, stated on Sunday on NBC’s Meet the Press that “we are at a decision-making point right now and very close to a recession.”
“And if this isn’t handled well, I’m concerned about something worse than a recession.”
