--- title: Will There Be a Recession in 2025? 60% of Corporate Execs Think So description: The U.S. economy will enter a recession by the second half of 2025, according to predictions from top executives in the C-suite. authors: - name: Liliana Hall role: Reporter url: https://money.com/author/liliana-hall/ bio: Liliana Hall joined Money in 2025. She is an Austin-based reporter for Money, where she covers a range of topics, including financial news, policy, banking, investing, passive income, financial planning and student loan debt. education: University of Texas at Austin at_money_since: 2025 articles: 134 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Retirement - Shopping - Taxes social: - https://x.com/lilihallllllll - https://www.linkedin.com/in/liliana-hall/ editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2025-03-31T15:39:13.000Z' modified: '2025-03-31T15:39:13.000Z' section: Economy and Politics tags: - News word_count: 451 canonical: https://money.com/2025-recession-prediction-survey-cfos/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo illustration of Benjamin Franklin, on the One Hundred Dollar Bill, with googly eyes taped to his face with Duct Tape](https://img.money.com/2025/03/News-Recession-Fears-20251.jpg) Worried about the economy? You're not alone. A majority — specifically, 60% — of corporate chief financial officers expect a recession to hit the U.S. in the second half of this year, according to CNBC’s latest [quarterly CFO Council Survey](https://www.cnbc.com/2025/03/25/recession-is-coming-pessimistic-corporate-cfos-say-cnbc-survey.html). However, 15% say a recession will occur in 2026. This sentiment seems to reflect a growing concern among CFOs about an impending economic downturn fueled by a confluence of factors. The report, published last week, found that 75% of surveyed CFOs say they feel “somewhat pessimistic” about the overall state of the economy, likely due to uncertainty from U.S. trade policy, persistent inflation and fluctuating consumer demand. In particular, top executives are concerned by the trade war outlook and the inconsistent messaging from the White House on [tariffs](https://money.com/trump-tariff-plans-ceos/) — which 90% of CFOs polled say will lead to a resurgence in inflation. Tariffs, which are taxes levied on imported goods, were a major talking point for President Donald Trump during his campaign last fall; he saw them as a way to boost American manufacturing jobs. Earlier this month, the Trump administration hinted at taking a softer stance than initially indicated. Then, last week, Trump slapped a 25% tariff on all foreign-made cars and parts starting Thursday. Analysts and automakers have warned this move will likely drive up car costs by [thousands of dollars](https://www.npr.org/2025/03/03/nx-s1-5316162/trump-tariffs-canada-mexico-cars-auto-industry). (Over the weekend, Trump [told NBC News](https://www.nbcnews.com/politics/donald-trump/trump-says-couldnt-care-less-automakers-raise-prices-tariffs-rcna198731) that he "couldn't care less" if foreign car prices spike due to his tariff announcement.) Though some CFOs told CNBC they see the latest moves by the Trump administration as following through on what its campaign promised, others used words like "chaotic" and "disruptive" to describe his approach. Looking forward, even though the consensus among CFOs is that a recession is coming in 2025, 90% say it will be moderate or mild. Recessions themselves can be tricky to define. Last May, for instance, Money [reported](https://money.com/americans-think-us-in-recession-survey/) that over half of Americans thought the U.S. was in a recession when in fact it wasn’t. (The most recent recession took off in tandem with the COVID-19 pandemic and lasted from February 2020 to April 2020.) Speaking broadly, a recession is a prolonged period of negative economic growth. Some experts say recessions happen when the economy contracts, or gross domestic product declines, for two consecutive quarters. Others use different criteria. In any case, the National Bureau of Economic Research is formally tasked with declaring when U.S. recessions start and end — and it has not yet sounded the alarm for 2025. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/2025-recession-prediction-survey-cfos/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Recession", "item": "https://money.com/recession/" }, { "@type": "ListItem", "position": 4, "name": "Will There Be a Recession in 2025? 60% of Corporate Execs Think So" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/2025-recession-prediction-survey-cfos/#webpage", "url": "https://money.com/2025-recession-prediction-survey-cfos/", "name": "Will There Be a Recession in 2025? 60% of Corporate Execs Think So", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-03-31T15:39:13.000Z", "mainEntity": { "@id": "https://money.com/2025-recession-prediction-survey-cfos/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/2025-recession-prediction-survey-cfos/#breadcrumb" }, "dateModified": "2025-03-31T15:39:13.000Z" }, { "@type": "NewsArticle", "headline": "Will There Be a Recession in 2025? 60% of Corporate Execs Think So", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/03/News-Recession-Fears-20251.jpg", "width": 1728, "height": 1152, "caption": "News-Recession-Fears-2025" } ], "author": [ { "@type": "Person", "name": "Liliana Hall", "url": "https://money.com/author/liliana-hall/", "@id": "https://money.com/author/liliana-hall/#author", "description": "Liliana Hall joined Money in 2025. 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