Leading Ceos See Housing and Credit Markets As Biggest Threat to Economy
Secured Lender, The › Vol. 64 Nbr. 4, July 2008
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Summary
Continued turmoil in credit and housing markets will be the most significant drags on the US economy in 2008 according to the latest Financial Services Forum CEO Survey. On average, Forum CEOs saw an 88% chance of recession this year, with one out of three members putting that chance at 100%. On average, Forum members predicted real GDP growth of 0.92% for 2008. Even so, the Forum's one-year US economic growth index worsened from October's measure, falling from 1.27 in October to -0.25 in April. The 2-3 year US growth outlook was better at 1.94, indicating the Forum CEOs expect slow to moderate growth over the period. The survey also showed that Forum CEOs believe that the turmoil in credit markets has not yet fully run its course.
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Leading Ceos See Housing and Credit Markets As Biggest Threat to Economy
Continued turmoil in credit and housing markets will be the most significant drags on the U.S. economy in 2008 according to the latest Financial Services Forum CEO Survey. Risin...
See the full content of this document
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