Factbox: Recession fears creep into corporate America as growth slows

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022. REUTERS/Brendan McDermid/File Photo

Aug 1 (Reuters) - Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls.

Inflation as indicated by the personal consumption expenditures price index, the U.S. Federal Reserve's preferred measure, recorded its steepest increase since 1982 in June, with a 6.8% jump. read more

Reporting by Manya Saini, Praveen Paramasivam, Manas Mishra, Shivansh Tiwary, and Tiyashi Datta in Bengaluru; Editing by Sweta Singh and Anil D'Silva

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