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Business Roundtable cuts outlook again as CEOs see 2.1% growth in 2020

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co

Eric Piermont | AFP | Getty Images

The chief executives of the nation’s biggest companies downgraded their outlook for the U.S. economy for a seventh straight quarter as angst over trade relations continued to plague C-suites across the country in the last months of 2019.

The Business Roundtable’s index of the CEOs’ outlook fell 2.5 points to 76.7 in the fourth quarter, which remains below the historical average and indicates moderation in the pace of economic growth in the next six months.

It also said in its first forecast for 2020 that members see just 2.1% growth next year, near the Federal Reserve’s GDP estimate of 2% for next…



Source cnbc.com

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