CFO Survey: Economy Not Expected to Rebound Until Summer 2009; Layoffs Expected; Inflation Increasing - Submit Site

DirectoryMix Web Resources » Article Details

CFO Survey: Economy Not Expected to Rebound Until Summer 2009; Layoffs Expected; Inflation Increasing - Read More

Date Added: June 19, 2008 12:32:02 AM

DURHAM, NC -- Chief financial officers do not expect the U.S. economy to begin to recover until 2009 or later. Domestic employment is expected to fall and inflation is expected to increase by 4.1 percent. Capital spending plans have been scaled back for the third consecutive quarter.

Category: Business & Economy » History

No comments are posted yet

Economy Most Important Issue, and Still Rising

As the financial and economic crisis deepens, the latest edition of The Harris Poll(R) finds that the economy, which was already at the top of the list of concerns for Americans, has moved even farther ahead of all other issues that people want the govern

UPDATE: 300 Arrested in 'Largest Immigration Raid in Iowa History'

POSTVILLE - Federal immigration agents have arrested at least 300 in what I.C.E. officials call the "largest immigration raid in Iowa history". Immigration officials are raiding the Agriprocessors Inc. plant in the northeast Iowa town of Postville.

Economy not expected to rebound until summer 2009, CFOs say

Economic woes are expected to continue until at least mid-2009, and things may get worse before they get better, according to a quarterly survey of chief financial officers.

G-8 Says Economy Faces `Headwinds,' Oil a Threat

June 14 (Bloomberg) -- Finance ministers from the Group of Eight nations said the world economy ``faces headwinds'' and identified spiraling food and fuel costs as their chief concern.

Obama talks economy during Montco visit

ABINGTON - In a speech focused on the economy, presidential candidate Sen. Barack Obama brought his message to Abington on Oct. 3, visiting Montgomery County for the first time since the Democratic primary.