Harvey Schwartz, CEO of Carlyle Group, indicated the possibility of a recession while stating it is premature to draw conclusions. Concerns center around a prolonged trade war with China, exacerbated by recent turbulent tariff announcements from the U.S. Schwartz believes market disruptions could lead to a recession if uncertainty hampers decision-making. He stresses the importance of achieving a new equilibrium, noting that while a recession is a concern, market stabilization could avert it. The situation has caused CEOs to shift from growth to contingency planning amid rising import tariffs.
The uncertainty is troubling because it stalls decision-making and chills activity, with CEOs likely switching from growth planning to contingency planning.
I think it's very early to make a judgment about whether we have a recession or a huge rebound. We're at a pivotal moment in the global economy.
Collection
[
|
...
]