Recent market volatility has many wondering if the economy is actually improving — or if we’re headed for a repeat of the Great Recession.
In fact, 18% of CFOs believe we’ve already in the grip of another recession, according to a recent survey of 300 chief financial officers by CFO Magazine.
Another 25% of finance chiefs said another recession is imminent in upcoming months.
However, 38% of CFOs said the plummeting Dow rates probably don’t mean we’re headed for another recession; 11% said they definitely don’t; and 9% weren’t sure.
Even the finance execs who don’t necessarily think we’re headed for another recession admit there’s plenty to worry about right now. Example: Thomson Reuters CFO Robert Daleo pointed out a number of economic weaknesses today that weren’t a factor during the last downturn — such as high unemployment rates, troubles in Europe and the fact that the feds have already used up most of their response options.
Readers, do you think we’ll see a double-dip recession? Let us know in the Comments section.