According to Aon’s 2022 Executive Risk Survey, which aggregates and examines responses to its annual international survey of C-suite leaders and senior executives in the U.S., the EU and the UK including 800 respondents at companies with at least 500 employees, 79% of global business leaders expect a recession in 2023. The business leaders highlight several key risks driving their pessimistic expectation including, the following: (A) supply chain disruptions, (B) geopolitical violence, and (C) extreme weather events that some leaders attribute to climate change.

Originally published in Chief Executive Magazine on March 21, 2023.