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]

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

EY Still Atop Public Company Audit Client Leaderboard

EY having the most public company audit clients in 2020 isn’t really the biggest news coming out of Audit Analytics’ latest analysis of public company auditors because the Black and Yellow has led each of the past half-dozen years. The bigger news is there’s a different Big 4 firm occupying second place. While EY has […]