CEOs Are Back To Being Bullish On the U.S. Economy

By: Anneken Tappe · March 07, 2024 · Reading Time: 2 minutes

Corporate Confidence

America’s CEOs are growing more confident about the U.S. economy, according to the latest quarterly sentiment gauge by the trade association Business Roundtable.

In Q1 2024, the index pushed above its historical average for the first time since 2022.

Sentiment Surge

In the years since the pandemic, first inflation and then interest rates hit multi-decade highs, weighing on consumer as well as CEO sentiment. This year, however, against the backdrop of stronger-than-expected U.S. economic growth, easing inflationary pressures, and hopes that interest rates will start to come down this year, sentiment has improved.

On top of that, CEOs project a notable increase in capital spending and demand over the next six months, as they anticipate stronger sales in the second half of the year. Both sub-indexes measuring these categories rose. U.S. GDP growth projections for the year also increased from 1.9% to 2.1%

Reducing Regulation

But business leaders were not entirely carefree looking forward. The report found that 3 in 4 CEOs were concerned about the regulatory environment, both in terms of antitrust rulings and regulation itself.

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