CEOs forecast improved economic conditions—at least for the first half of 2008.
By Garry Kranz Comments 0 | Recommend 0
2008 Outlook Brightens: Jobs and investment are in the offing for the U.S.
economy, according to an annual poll of executives at the nation’s largest
companies. CEOs expect the U.S. economy to perform at least slightly better in
2008. The Business Roundtable, a Washington-based association of CEOs, says top
executives expect to outlay greater sums for capital investments, hire more
people and produce higher sales during the first half of the year. Working
against those goals, however, are spiraling costs of employee health care and
energy. The Business Roundtable produces a survey, known as the CEO Economic
Outlook Index, which assesses the relative comfort level of executives regarding
economic and business conditions. The recent index is pegged at 79.5, which is
about two points higher than the fourth quarter of 2006.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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