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CFOs' Optimism at 5-Year Low

Concerned about weak consumer demand, CFOs are worried about the U.S. economy and predict that a recession is imminent.

September 13, 2006

Financial executives' attitude on the U.S. economy has gone downhill. In the midst of weakening housing prices and consumer demand, plus concern about fuel costs, labor costs, and interest rates, nearly 50 percent of CFOs are more pessimistic about the economy than they were three months ago. This pessimism is the highest it's been in more than five years, according to the latest results of the quarterly Duke University/CFO Business Outlook Survey. Read more...

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