Business Council: Economic Survey Wrong

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003403-business-council-economic-survey-wrong/

NEW YORK – Chief executives in the United States are not as pessimistic as the Business Council thought last week when it issued its economic survey, the group said on Tuesday, citing a “tabulation error.”

The Business Council, a group of 125 U.S. CEOs, last week said 70 percent of its members expected flat to 2 percent growth in the U.S. economy next year — painting a much more bearish outlook than major economists.

But on Tuesday, the group said it had gotten the survey wrong and its members had actually projected moderate to solid economic growth in 2005, from 2.1 percent to 4.5 percent, and were “guardedly optimistic” about the economy’s prospects.

The U.S. economy grew at a 3.3 percent annual rate in the second quarter.

For this complete story, please visit Business Council: Economic Survey Wrong.

Business Council: Economic Survey Wrong

Unknown Author

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