CFOs: Economy Will Keep On Stinkin’
A CFO.com/Duke University survey of Chief Financial Officers paints a dismal economic outlook:
Nearly two-thirds of [1,275] top-level executives expect the current recession to last another year, according to…a survey of 1,275 chief financial officers from public and private companies, all of whom were interviewed for Duke University’s CFO Magazine Global Business Outlook Survey.
Last year, CFOs accurately predicted the looming recession…[A]ccording to…John R. Graham, director of the survey and a finance professor at Duke’s Fuqua School of Business…
"Throughout the history of our survey, CFOs have shown remarkable ability to predict future economic conditions," he added. "Therefore, the record pessimism CFOs are currently expressing is ominous," he added…
A record 81% of CFOs from the U.S. are more pessimistic about the economy this quarter than last quarter…
Furthermore, 60% of CFOs say the U.S. will not come out of recession until at least the fourth quarter of 2009…
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Uncategorized | art December 10, 2008
