85% of Corporates Say US is in Recession
EuroFinance has announced the results of a survey into the key economic issues concerning companies. The survey of over 500 CFOs and senior finance professionals from some of the US’s largest corporates shows an overwhelming belief that the current outlook for the US economy is bleak, with things looking set to worsen. Eighty-five per cent of respondents said they believe that the US economy is now in recession, while 63% also believe that things will get worse in the economy. Over half, 52%, also said that they are finding it harder to raise money for their business.