Despite sunny economic data, business leaders see clouds on the horizon ...Middle East

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The September jobs report was another upside surprise for the postpandemic economy, and central bankers are projecting confidence about overall conditions, but business leaders are seeing some clouds gathering in the distance. Business sentiment surveys released this week are showing that leaders feel uncertain about where they are in the business cycle, with implications for capital spending and investment, and some are expecting a downturn on the midterm time horizon. A new survey of executive sentiment on the economy from PwC has found that 61 percent of business leaders expect a recession within six months, an increase from 49 percent in June. The survey found that 68 percent of

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