Chief financial officers in the US have a more optimistic outlook about the economy. That’s according to a new survey from Duke University and CFO Magazine. It finds optimism among CFOs to be at its highest level since early 2007.
John Graham is a finance professor at Duke and the director of the survey:
"Things are looking up. There are still a couple of worries. One is employment. Employment is expected to increase, but slowly. So we don’t expect to see too much of a decrease of the unemployment rate next year. A new worry is inflation."
Graham says CFOs are worried about the price of fuel and commodity prices and overall inflation in general. He says the Federal Reserve could raise interest rates if inflation gets too high which could slow the overall economic recovery. The quarterly survey concluded March 3rd and asked 854 CFOs about their expectations for the economy. This is the 15th year for the survey.
See the press release here: www.cfosurvey.org/11q2/PressRelease.pdf