The nation's CFOs are becoming increasingly concerned that the United States economy will fall into a recession, a quarterly survey indicated Wednesday.
The quarterly survey by Financial Executives International and Baruch College indicated that its optimism index for Q4 2007 dropped to 52.26 from 62.95 in Q3 2007, with almost every chief financial officer polled saying they were as concerned/or more concerned about a recession than they were in the previous quarter. The two organizations announced their results, that included the above, in this statement.
In addition, the CFOs' outlook toward their own companies decreased again this quarter, as the Optimism Index of CFOs' own companies fell to 70.26, from last quarter's 71.68, which itself was a three-year low.
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