CEO Confidence is Down, Inflation is Up, But Workers Are Still On Top

Ceo Confidence Is Down, Inflation Is Up, But Workers Are Still On Top - Gettyimages 1369567912 510799

Looking back to the beginning of 2020, the U.S. economy was ripe for business. We were living in the “good old days,” marked by low interest rates, low to no inflation, and steady, sustainable economic growth. But the “good old days” are over.

According to our research at Vistage, CEO confidence has changed dramatically each quarter over the past two years–with more rapid spikes and sudden drops than it had over the seven years leading up to the pandemic. Heightened inflation, geopolitical conflict, prolonged hiring challenges, supply chain slowdowns, and exorbitant oil prices are among the factors causing U.S. business leaders’ confidence to plummet in the second half of 2022. CEOs have started to accept disruption as a part of their new reality. 

Subsequently, business leaders are laser-focused on areas they have more control over, such as talent. Whether we’re entering into or already in a recession, we are not experiencing the loss of jobs we have traditionally associated…

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This article was written by Joe Galvin and originally published on www.inc.com