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The economy’s solid performance during the last year, with real GDP growth expected to reach 3.6%, could give way to slower growth, according to a majority of CFOs, treasurers and controllers responding to Treasury & Risk Management’s biannual Economic Confidence Survey. Large deficit spending, along with spiking interest rates and high oil prices, are making executives squirm. Added to that, the government’s handling of Hurricane Katrina gave business people some reason to doubt its capabilities in emergencies. But there was one issue on which executives all seemed to agree: the dire state of the U.S. retirement system.

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