Axios reports that members of the Business Roundtable “have downgraded their view of the economy – though not to recessionary gloom.”
According to the story, “When 142 CEOs of major U.S. companies were surveyed in late November, they reported relatively healthy plans for sales growth, hiring and capital spending.” In its most recent survey, however, “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.”
GM CEO Mary Barra, who chairs the Business Roundtable, tells Axios, “With continued supply chain challenges and inflation uncertainty, many CEOs remain cautious about domestic plans and expectations for the next six months.”
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