A majority of electronics executives polled expect recession

Most electronics manufacturing industry executives see a recession as inevitable, according to electronics trade group IPC. That echoes sentiments by analysts who presented at the ECIA Executive Conference in late October.“ There’s a 60 to 70 percent chance of a U.S. recession,” said Cliff Waldman, CEO of New World Economics LLC, at the conference.  Recession could happen in two months or two years, he added. IPC’s October economic surveys found that 27 percent of industry executives believe the economy is already in a recession; 45 percent believe the economy will enter a recession in 2023; and 13 percent believe the economy will enter a recession in the fourth quarter of 2023. Industry executives expecting a recession are bracing for a longer one.

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