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CEOs are in distress and consumers fear job losses amid 'stagflation shock,' economist warns

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New research from Apollo Global Management outlines the tariff impact on U.S. businesses and consumers. Signs are pointing toward recession by summer.
The article from Fortune discusses the growing concerns among CEOs and consumers about the U.S. economy, highlighting fears of stagflation and a potential recession. A survey by The Conference Board indicates that CEO confidence has dropped to its lowest level since 2020, with many executives worried about persistent inflation, rising interest rates, and geopolitical tensions. Concurrently, the University of Michigan's consumer sentiment survey shows a significant decline, with consumers increasingly anxious about job security and their financial future amidst high inflation rates. The article suggests that these combined fears could lead to reduced consumer spending and business investment, potentially pushing the economy towards stagflation or a deeper recession.

Read the Full Fortune Article at:
[ https://fortune.com/article/stagflation-recession-economic-outtlook-ceo-distress-consumer-fear-job-losses-inflation-michigan-survey/ ]