By Matt Egan, CNN Business
Just a few months ago, optimism among American CEOs hit record highs. But given stubbornly high inflation, Russia’s invasion of Ukraine and a Covid wave in Europe, that sunny outlook has dimmed.
The Business Roundtable said Monday that its CEO Economic Outlook Survey dipped to a reading of 115 during the first quarter. CEOs also indicated decreased plans for hiring and investment and lower expectations for sales.
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The group, whose members are the chief executives of top US companies, emphasized that, despite the dip, the survey still reflects historically strong hiring plans and growth expectations. But it’s important to note that the timing of the survey, which was conducted between February 22 and March 11, means some business leaders shared their sentiments before the full scale of Russia’s invasion of Ukraine…
