Washington, D.C. – The heads of U.S. companies are far more pessimistic about the future of the nation’s economy then they were earlier this year, according to the D.C.-based Business Roundtable’s third quarter CEO Economic Outlook Survey.
The survey of 140 CEOs showed large drops in anticipated sales, capital expenditures and employment over the next six months.
“The findings of this survey show declines in each category of economic measurement,” said Jim McNerney, chairman of Business Roundtable and chairman, president and CEO of Boeing. “While we see strong business fundamentals in America still, the quarterly survey results reflect increased uncertainty among CEOs concerning the economic climate and business environment.”
In terms of the overall U.S. economy, member CEOs estimate real GDP to grow 1.8 percent in 2011, down from the 2.8 percent projected in the second quarter.
This article was also published in New England Tech Wire
Complete survey results – http://www.brt.org/ceo_survey
Photo by flickr user *christopher* (Christopher Michel), used under Creative Commons license