NEW YORK – While CEOs expect the economy to grow next year, an foresee increases in capital expenditures and sales, they predict employment will not improve “significantly,” according to the Business Roundtable's fourth quarter 2009 CEO Economic Outlook Survey, released today.
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"The economy is in the throes of a long transition back to health; recovery will be long, extending beyond 2010, said Ivan G. Seidenberg, chairman of Business Roundtable. The outlook of our CEOs reflects that reality: we see noticeable gains in sales and capital spending, but employment growth continues to lag."
The survey respondents expect 1.9% growth in real GDP in 2010. The CEOs identified health care costs as the greatest cost pressure they face next year.
