Executives gathered at Davos this week, with the most turbulent economic period since the global financial crisis near the top of their agendas.
"An event like this has such a power to influence the level of optimism or otherwise that is out there. While we don't want to be Pollyanna about macro-economic trends, I do think there is bright sports around the world. India, Indonesia, all those kind of things that are going on that we are encouraging clients to think about, and like I said not talking ourselves into a recession.""The potential recession that might occur is largely central bank-induced.
"And that means it's time to really think about hunkering down and focusing on what's important, and really focusing on the fundamentals, which is what we are doing within the company.""Some of the layoffs are more about cutting costs. And we've heard companies talk about the fact that perhaps during the pandemic, they over-hired. And so those layoffs are absolutely related to economic stability and growth.
"My own personal view is, I think we will likely see a technical recession, two quarters of negative GDP effectively, in parts of the world, most likely Europe, perhaps the US, but it doesn't feel like this is going to be a severe recession.""I think the economy will sustain at the level that it's at now. I don't know that it's going to get much worse, but I don't know that it's going to get much better into 2023. That's kind of my feeling.
Who gives a sh-