Almost half of U.S. financial managers are slashing hiring orspending plans as political uncertainty weighs on the businessoutlook during the election year, according to a survey releasedWednesday.
Forty-seven percent of U.S. firms reported pulling back onemployment or investment, according to the quarterly DukeUniversity/CFO Global Business Outlook poll.
About eight in 10 chief financial officers said the U.S. economyfaces moderate-to-large political risk due to election uncertainty,“Washington dysfunction” and regulations including proposedminimum-wage increases, according to the report, which is done inconjunction with CFO Magazine. Almost 40% of the U.S. CFOs saidthey believed foreign companies were less willing to do businesswith the U.S. because of the cloudy political atmosphere.
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