A recession could end the Great Resignation, business leaders warn

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'I don't know whether it will be a soft or a hard landing. But it's clearly going to take some of the froth out of the world economy. And that means that you have some aspect of rebalancing within labor markets'.

this month, are expected to impose further increases over the coming months. Rising borrowing costs could slow demand sufficiently to help trigger a recession.

"I don't know whether it will be a soft or a hard landing," Williams added."But it's clearly going to take some of the froth out of the world economy. And that means that you have some aspect of rebalancing within labor markets, which probably shifts the pendulum slightly for slightly more back towards the employer.

"You can call it what you like – we call it the 'Great Re-evaluation'. What's really happening is that people are reconsidering the jobs that they do, not reconsidering their participation in the labor market," Williams said. Stephanie Trautman, chief growth officer at tech giant Wipro, told Insider:"People are still evaluating, you know, what do I do? Do I enjoy what I do? Do I have the kind of opportunities?"Sign up for notifications from Insider! Stay up to date with what you want to know.

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