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The Business Roundtable's third-quarter CEO economic outlook survey released this week found expectations of a softening economy within the next six months. The survey's index fell to 77.4 from 81.9 in the second quarter of this year.
CEOs now assume a 2.4% growth in gross domestic product for 2007, down from the previous survey's report of 2.6%
"This quarter's survey shows that CEOs see a modest decline in economic conditions in the coming months," said Harold McGraw III, chairman of the Business Roundtable and chairman, president and CEO of The McGraw-Hill Cos. "While the latest results continue a pattern of gradual decline in expectations since the beginning of the year, America's business leaders remain confident in the overall business environment."
The survey is based on responses from 113 Business Roundtable members. The organization is an association of CEOs.