Chief executives’ view of the U.S. economy dimmed in recent months, a factor causing business leaders to pull back on plans to invest in their companies.
CEOs’ outlook on the economy declined for the third straight quarter, according to aBusiness Roundtable survey released Tuesday. The same survey showed that 27% expect to decrease capital spending over the next six months—the largest share planning to scale back investment since the middle of 2009, when the economy was just emerging from recession.
AT&T Inc. CEO Randall Stephenson, chairman of the Business Roundtable, said uncertainly in Washington, especially around tax policy, is driving worries about the economy.
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