October 29, 2020

EY Global CEO: Recession? What Recession?

Have no fear, a recession in the U.S. is not near, EY Global Chairman and CEO Carmine Di Sibio said on CNBC this morning.

Carmine Di Sibio, who runs consulting powerhouse EY Global, told CNBC on Thursday he does not see a recession as an imminent threat in the United States.

“We had a lot of conversations with our clients’ CFOs. Really, the United States economy is doing very well,” argued Di Sibio, who took over as EY chairman and CEO last month. He joined EY in 1985.

In a “Squawk Box” interview, Di Sibio said he would typically see a pause in innovation about six months before a recession. “Sometimes when a recession is coming, you start hearing that projects are put on hold. We’re not hearing that. There’s a lot of transformation going on.”

CEO of EY Global, with a who’s who list of blue-chip clients, sees no US recession coming [CNBC]

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