Advertisement
Australia markets open in 8 hours 11 minutes

  • ALL ORDS

    8,065.50
    +113.20 (+1.42%)
     

  • AUD/USD

    0.6611
    -0.0015 (-0.23%)
     

  • ASX 200

    7,793.30
    +110.90 (+1.44%)
     

  • OIL

    78.11
    -0.37 (-0.47%)
     

  • GOLD

    2,323.30
    -7.90 (-0.34%)
     

  • Bitcoin AUD

    96,498.66
    +284.22 (+0.30%)
     

  • CMC Crypto 200

    1,320.32
    -44.81 (-3.28%)
     

Davos 2023: 4 top executives weigh in on recession fears

Yahoo Finance Video

Executives weigh in as recession talk dominates the World Economic Forum in Davos, Switzerland.

You can see their full interviews here.

Key Video Takeaways

00:00: Gary Cohn, IBM Vice Chairman

00:10: Brian Moynihan, Bank of America CEO

00:17: Michel Doukeris, Anheuser-Busch InBev CEO

00:20: Alan Jope, Unilever CEO

Video transcript

GARY COHN: Everyone's talking about recessions, but of course, when I talk to people and ask them about their business, they seem to think their business is OK. So everyone here seems to think the other person has a problem.

- Mild recession, slightly down for a couple of quarters, and then back to slightly up, and then more normal in '24 and into '25.

ADVERTISEMENT

- I don't think that we are too deep into recession so far.

- I think there will be parts of the world that go into recession this year. But we will choose to ignore that, and the parts of the world that are enjoying continued growth.