Business leaders contend with a baffling world most are ill-equipped to analyse

Many C-suite executives may be underestimating the geopolitical risks facing businesses.

To make matters worse, the big economic issue that is shaping the world – a swing in the financial cycle – is also unfolding in unusual ways. PHOTO: NYTIMES
New: Gift this subscriber-only story to your friends and family

This month, Ms Suzanne Clark, head of America’s mighty Chamber of Commerce, has been grilling her members about what they expect when contemplating the outlook for 2023.

You might expect this prognosis to be grim. A JPMorgan survey of American business leaders last week reported “a sharp fall in optimism about the economy as recession fears loom”, with 65 per cent of executives predicting a downturn in 2023, and just 8 per cent feeling upbeat about the global economy.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.