Recession in sight: how purposeful strategies will enable firms to weather the storm
August 2, 2022
The International Monetary Fund (IMF) said that the global economy is facing a pessimistic outlook in the coming years, with a greater possibility that Russia will cut off gas supplies to Europe altogether and with increased inflationary pressure, factors that could further slow growth this year (2022). In the latest report, the entity reduced its forecast for global economic growth in 2022 to 3.2%, almost half of last year’s 6.1% expansion.
Nevertheless, a group of top CEOs heard by Fortune magazine believe that companies that have built their balance sheets with consistency and with purposeful long-term strategies will weather the storm.
Fortune CEO Alan Murray shared some excerpts from his conversation with the executives:
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