The recession will hit in the first half of 2023 and the Dow is headed lower: CNBC CFO survey
Amid high inflation that has become the No. 1 business risk, not a single chief financial officer surveyed by CNBC thinks a recession can be avoided.
The macroeconomic view of CFOs informs a bearish stock market outlook, with most expecting the Dow Jones Industrial Average to fall to 30,000 before reaching a new high, which would represent a decline of 9% from its current level and an 18% decline from its 2022 high.
The CNBC CFO Council Survey is a sample of views from the C-suite at top corporations and...