FedEX CEO Says World Economy Is Headed To A Recession

FedEx CEO Raj Subramaniam believes we are headed towards a worldwide recession. His own company FedEx plans to cut costs by reducing flights closing 90 of its retail locations, trimming hours, and putting a freeze on hiring.

Raj appeared on CNBC to talk to Jim Cramer. During the interview, the FedEx CEO stated he believes we are headed into a worldwide recession. Check out the clip below.


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