Chief executives have expressed the most confidence in the US economic outlook since 2022, and charted plans for increased hiring and capital investments in the next six months on expectations that the economy will accelerate.
The Business Roundtable, one of the leading lobby groups in Washington, saw its economic outlook index tick up by 11 points to 85 in the first quarter, jumping above an average of 83 for the first time since 2022.
In their second estimate of US GDP growth in 2024, the CEOs surveyed by the BRT projected growth of 2.1 per cent, up from their first estimate of 1.9 per cent.