Prospects for 2008 look relatively bleak, based on the responses of 215 senior finance executives in Treasury & Risk's 2008 Economic Confidence survey. Forty-nine percent expect the U.S. economy to be affected by as many negatives as possible this year, but 53% see a recession as somewhat or very likely. Despite the possibility of a resurgence of inflation, 67% say they have not regained pricing power for their own products. The survey is based on responses from treasurers, assistant treasurers and vice presidents of finance between Dec. 11 and Dec. 14.
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