Business Roundtable Survey

by Laura Ehrenberg-Chesler on September 27, 2012

in deficit spending,Employment,Fiscal Policy

The latest “Business Roundtable Survey” was released on Wednesday.  The results were disheartening, but reflective of the uncertainty many CEO’s and CFO’s are feeling as we head into the election and potential fiscal cliff.

From Ed Yardeni this morning:

This morning, Reuters reports that according to a Business Roundtable survey, released on Wednesday, about 34% of US CEOs plan to cut jobs in the US over the next six months, up from 20% a quarter ago. Only 30% expect to increase capital spending, compared with 43% previously. The group’s index of CEO confidence fell to its lowest point since Q3-2009. According to the story: “The main culprit is the fiscal cliff…” Another survey, by Deloitte, found that chief financial officers’ view of business prospects had also darkened in the current quarter. Some 80% of US CFOs surveyed by the consultancy said the economy had stalled or was about to stall.

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