This isn’t supposed to be happening…
By Hailee Lee
Dec 2 (CNBC) — CEOs from major U.S. companies do not expect strong economic growth in 2015.
The Business Roundtable’s fourth-quarter CEO Economic Outlook Index, a composite index of CEO expectations, fell slightly from the third quarter with declines concentrated in capital spending. The index declined to 85.1 for the fourth quarter, compared with 86.4 in the third quarter. A reading of 50 or above indicates economic expansion and below 50, an economic contraction. The long-term forecast is at 80.3.
Gross domestic product in 2015 is expected to grow 2.4 percent, consistent with the CEOs’ 2014 forecast.