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At Davos Confab, CEOs Fret Over Economy, Start to Plan for a Downturn
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wsj.comDAVOS, Switzerland—Fears of an economic downturn have lately gathered steam. Corporate executives at the World Economic Forum here struck a mostly gloomy tone to match.
“There is a cycle of mood,” said Alex Karp, chief executive of Palantir Technologies Inc. “You walk around and everyone thinks it’s going to be bad, so it’s going to be bad.” Mr. Karp isn’t alone, but the pessimism he says he’s picking up among other CEOs also isn’t uniform.
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