Enter multiple symbols separated by commas

Three CEOs: Global Recession Not Likely

The slowdown in the U.S. economy is causing a sense of nervousness among investors around the globe.

CNBC asked CEOs from three of the world’s most renowned international corporations whether the global economy was likely to catch cold from the United States, and here’s a sampling of what they had to say:

Sony CEO on the Global Economy

“I think there’s panic out there, and panic begets panic. There aren’t, in real terms, any results that we’re showing that would indicate a panic is necessary in the immediate term. The consumer electronics business had a very good Christmas, and nothing is going downhill at the moment, and the entertainment business is in pretty good shape. So whether that’s the last gasp of the current customer concerns, I don’t know, but it’s hard for me to be suicidal along with everybody else when things aren’t looking so bad in that sector.”

Howard Stringer, Sony Chairman & CEO



UTX CEO: Overreaction in the Markets

“I think we’ve got strong market reaction to obviously the subprime problems and some bank write-offs in the financial service sector and so forth, and I think people are spring-loaded to look for bad news, and I think there’s a real risk here of overreaction in the markets. We don’t see this at all in the industrial economy, either in the U.S. or worldwide.”

George David, United Technologies Chairman & CEO

Coca-Cola CEO: Global Recession Not Likely

“I think consensus is, and it would be my view, that there’s better than a 50% chance the U.S. is going to go into recession. The big question is the big R: Is there going to be a global recession? The general view on that is, provided the policy makers, and so far I think the policy makers have handled things very well, handle things well, there’s not going to be a major contagion. I cannot say there’s not going to be an effect, given the size of the U.S. economy and the linkage to the world.”

Neville Isdell Coca-Cola Chairman & CEO

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.