CEO optimism fading as economy teeters

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The CEOs of America's biggest companies have downgraded their view of the economy — though not to the levels of gloom normally seen in recessions.

of major U.S. companies were surveyed in late November, they reported relatively healthy plans for sales growth, hiring and capital spending.

But those expectations had notably cooled from last year's nosebleed levels. 40% of CEOs expect to increase employment at their firms within the next six months. This time last year, 77% planned to do so.: "With continued supply chain challenges and inflation uncertainty, many CEOs remain cautious about domestic plans and expectations for the next six months," General Motors CEO Mary Barra, who chairs the Business Roundtable, said.

 

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