CEO recession expectations decline from April scare, survey says

Business leaders are walking back recessionary expectations for the U.S. that initially spiked in the aftermath of President Donald Trump's tariff announcement, according to data released Monday.

Less than 30% of CEOs forecast either a mild or severe recession over the next six months, per Chief Executive Group's survey of more than 270 taken last week. That's down from 46% who said the same in May and 62% in April.

The share of CEOs polled this month who said they expect some level of growth in the U.S. economy also shot up above 40%. That's nearly double from the 23% who gave the same prediction in April.