Energy in Global Recession ? The Way Ahead
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Energy in Global Recession ? The Way Ahead

January 31, 2023 | Article

The global economy is on a downward trend, with regional recessions highly likely in the US and Europe. Despite many similarities, no two recessions have been identical. However, in each recession, energy issues have been a key component either as a causing force or as a resulting effect.

Energy price volatility is a rising concern for CEOs, especially in Europe and Japan, where energy and fuel prices catapulted to new highs in 2022, according to The Conference Board C-Suite Outlook™ 2023. To navigate successfully through an economic slowdown, decoupling growth from energy consumption, using the following strategies, should be a long-term goal for businesses.  

 

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AUTHORS

IoannisSiskos

Senior Research Fellow, Governance & Sustainability Center, Europe
The Conference Board

ManaliParanjpe

Program Director, Governance & Sustainability Center, Europe
The Conference Board


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