In spite of all the economic uncertainty, leaders of America's top
companies expect modest improvement in the nation's economy over the
next six months, according to the Business Roundtable's fourth quarter
2007 CEO Economic Outlook Survey, released in early December. Harold McGraw, chairman of The Business Roundtable and
chairman and CEO of The McGraw-Hill Companies, says CEOs "still see the
economy as steady" and "expect their sales, capital spending, and
employment levels to either increase or remain steady in the first half
of 2008." Many (32 percent) of the CEOs cited energy and
healthcare costs as the greatest - and equal - fiscal pressures for
their firms. Others cited material costs (17 percent), litigation costs
(10 percent), and labor costs (5 percent).
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