Mon 10 Mar 2008
I'm a member of Vistage, one of the largest CEO organizations in the world. They take quarterly surveys to report on CEO confidence in the economy. This quarter, the news is not so good. There has been a downward trend for the last year and now it has dropped even more.
Only 14% of CEOs expect the economy to improve in the next 12 months. That's not a good sign. But estimates of employment remain steady, which means that companies are trimming costs, not staff.
The report goes on to say that nearly 60% of CEOs plan to expand marketing initiatives to sustain growth. Read the full announcement.