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Webinar: Maintaining a Healthy Professional Services Business in an Uncertain Economy

Are professional services recession-proof? Certainly not. Are they more resilient and less impacted by the traditional woes of inflation or even recession?…

Michael Webb | June 01, 2023

Are professional services recession-proof? Certainly not. Are they more resilient and less impacted by the traditional woes of inflation or even recession? Perhaps.

We have lived with increasing inflation for more than a year now as the Federal Reserve has raised interest rates each quarter to ward off a recession. Yet, more than half of global CEOs expecting growth to return by the year's end.

How can the dire predictions be true while unemployment is at its lowest level in half a century? If we are on the brink of recession, why isn't it showing up in the data? And why does the economy seem unfazed by Federal Reserve rate hikes?

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