Not a single CFO in CNBC’s survey thinks the US will avoid a recession, and most think it will come in early 2023.

CNBC's survey is of 22 CFOs at “major organizations.” Inflation was cited as the biggest threat to the economy (40% of respondents).

I thought it was significant that not a single CFO surveyed thought we could avoid a recession, and only 54% expressed confidence in the Fed's ability to control inflation.

Economists are often unable to predict recessions before they happen. Even in 2008, many economists didn't see the disaster coming (https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html). IMO, industry professionals can often have a better look at the state of the economy in the early stages as they can see the changing business climate that eventually becomes the data used by economists.

https://www.cnbc.com/2022/06/09/recession-will-hit-in-first-half-2023-the-dow-is-headed-lower-cfos.html