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U.S. CEOs' view of economy darkens - Roundtable

September 28th, 2010
Categories: News, Economic

Link: http://in.reuters.com/article/idINIndia-51799320100928

U.S. chief executive officers' view of the economy darkened in the third quarter, with top executives saying they were less willing to hire new workers as they fear sales growth will slow. The change in mood reported in a Business Roundtable survey on Tuesday bodes poorly for the tepid U.S. economic recovery, which as been held back by stubbornly high unemployment. The news was not entirely grim, though -- more CEOs expect to boost their capital spending over the next six months, a trend that reflects both strong corporate balance sheets and a desire to lift productivity.

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