Executives are more upbeat about the outlook for their companies than they were a year ago, although their view of the U.S. economy overall isn’t much rosier. Just 12% of the more than 400 executives who responded to Treasury & Risk‘s annual Economic Survey expect the economy to grow over the next 12 months, while 37% say it will begin to improve and 31% think it will stabilize but remain flat. But 36% of the executives say their companies plan to increase capital spending in 2011, up from 26% a year ago, while just 10% expect to cut capital spending, down from 20% a year ago. And 31% say their companies will add workers over the coming year, up from 16%, while just 17% plan to cut workers, down from 33% a year ago.
Still hoping for more concessions from the EU, May will finally put the deal to a vote in the week of January 14.
J.P. Morgan Asset Management strategist David Kelly expects a first-quarter slowdown due in part to the government shutdown.
Economists and policymakers are “flying blind” as the federal government shutdown delays release of key economic indicators.
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