Thursday, June 13, 2013

CEO's see slow economic recovery continuing

About 1/3 ( 32%) of the CEO's heading up American companies expect to hire more people in the next 6 months. Over 78% said they expected an increase in sales. These CEO's are members of the Business Roundtable group. Recovery is expected to hover around +2.2% growth ( now +2.1% ), well below the +3.5 to 4.0% needed to obtain a robust economy. Consumers continuing to spend in light of the rise in Social Security taxes has helped keep the modest recovery going.

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