It’s always nice to close the week with some good news about the economy.
Grant Thornton LLP’s final 2010 quarterly survey of American business leaders found that nearly half (47 percent) believe the US economy will improve in the next six months –that’s up from just 34 percent in August.
In addition: (more…)
Unfortunately, it appears that fears of a double-dip recession are starting to paralyze fundamental business decisions regarding expansion, expenditures and hiring.
A new survey of 516 US Chief Financial Officers (CFOs) and senior comptrollers found that optimism about the economy is fading, and most believe that we won’t see a recovery until the second half of 2011 or later.
Conducted by Grant Thornton LLP, the study also revealed that: (more…)
More than one-third (38%) of manufacturing CFOs and senior comptrollers surveyed by Grant Thornton LLP do not expect to see the U.S. economy coming out of the current recession until the second half of 2010.
Interestingly, nearly 27% expect the recession to end sooner, during the first half of 2010, and about 15% are even more bullish, predicting the recession will end by the end of 2009.
But, another one-fifth (20%) of CFOs don’t expect to see a turnaround until 2011 or beyond. All told then, about 58% of the CFOs surveyed don’t see the recession ending until the second half of 2010, or beyond.
