He began by asking the audience if they thought the USA was in recession. This was using voting devices. Y’know the ones you get at conferences that are a bit like small calculators, and you are then asked a question and vote A, B, C or D.
At this conference, with over 500 bankers and treasury folks attending, the results were:
- 85% think the USA is in recession;
- 72% think USA is dragging down world economies;
- 63% think it’ll get worse in next 12 months; and
- 57% are finding it harder to get capital for the business.