'Sometimes when a recession is coming, you start hearing that projects are put on hold. We're not hearing that,' says EY's Carmine Di Sibio.
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.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.
"Obviously, geopolitical events are slowing some things down," acknowledged Di Sibio. "But there is a lot of confidence and there is a lot of capital." The EY chairman and CEO joins a number of top executives who recently told CNBC that they don't see a recession looming.
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