According to a Business Council survey almost two-thirds of 83 CEOs surveyed said conditions in their businesses had worsened in the last six months. Slightly over half, or 53% of those surveyed expect those conditions to weaken further in the next six months.

Some 81% of the CEOs expected sluggish economic growth of 0% to 2% this year.


Other News Reinforcing Belief In Economic Climate Worsening

Subprime delinquencies have topped the 4% level for the first time since 1997, reaching 4.03% in January. And auto loans that are at least two months delinquent hit a 10-year high in January also.

In tough economic times barter is a tool to use to better your situation: BARTER

This entry was posted on Saturday, February 23rd, 2008 at 5:44 am and is filed under From the Desk of Bob Meyer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.