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CFO Survey: No Economic Recovery Expected Until Late 2009; Inflation Reaching 3 Percent; Credit Markets and Cost of Labor Are Top Concerns.
AScribe Business & Economics News Service, March, 2008
Byline: Duke University
DURHAM, N.C., March 12 (AScribe Newswire) -- Optimism among chief financial officers in the United States has plummeted, with three-fourths of the CFOs saying the economy is either currently in recession or will be at some point during 2008. Nearly 90 percent of CFOs say the economy will not rebound until 2009. They expect inflation will increase to 3 percent this year.
These are some of the conclusions of the first quarter 2008 Duke University/CFO Magazine Global Business Outlook survey, which asked more than 1,000 CFOs from a broad range of global public and private companies about their expectations for the economy. (See end of release for survey methodology.) The survey has been conducted 48 consecutive quarters. ...
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