Portland, OR, August 7, 2019 — Eighty-two percent of chief financial officers polled believe a recession will have started by the end 2020, and nearly 49 percent think the downturn will arrive sometime next year, according to the Duke University/CFO Global Business Outlook, released Wednesday.

Survey: Duke CFO Global Business Outlook

Join Vanessa Vollum Edwards, as she examines how the potential economic downturn will impact the creative services industry, and how agency leadership can best prepare their organizations for the financial and cultural consequences.

YouTube: Preparing Your Agency For the 2020 Recession

Some sobering facts:

  1. US economy has grown 121 consecutive months, longest economic expansion in history
  2. 4/20 of the largest economies in the world are in recession
  3. UK Brexit + US-China trade war impacting market confidence
  4. Bond Yield Curve has inverted (done so before every recession since the 50’s)
  5. 2/3 of US Economist and 50% of Global CFO’s are predicting it by end of 2020

CFO’s are already adjusting their budgets

“Fears of a downturn have resurfaced after more than a decade of steady economic expansion.  2/3’s of CFOs said they expect the U.S. economy to enter a recession by the third quarter of 2020, according to the Duke University/CFO Global Business Outlook survey of more than 1,500 CFOs around the world. And nearly half of U.S. CFOs say a recession is likely to by the end of 2019.”

CFO’s Fear a Recession Is Coming. Preparation Will Help Them Stand Out . Tatyana Shumsky – https://www.wsj.com/articles