CEOs temper US economic growth outlook for 2015: survey

Chicago

US chief executive officers have become a bit more pessimistic in their outlook for the American economy in 2015 and fewer of them expect to increase sales, investment and hiring this year, a quarterly business group survey said on Monday.

The Business Roundtable's second-quarter survey, conducted before US gross domestic product for the first quarter was revised down last month to show an annualised 0.7 per cent contraction, found that CEOs expect 2.5 per cent GDP growth this year.