CEOs See Economic Woes Ahead, Survey Says

According to a latest quarterly survey of the chief executive officers of America’s biggest corporations.

According to a latest quarterly survey of the chief executive officers of America’s biggest corporations, companies are holding a more pessimistic view of the U.S. economy going forward.

While not exactly unexpected, the Business Roundtable’s quarterly survey found that only 65 percent of CEOs expected that their companies’ revenues would increase over the next six months, down from 92 percent from its first quarter survey. Additionally, 36 percent of the companies surveyed said that they plan to hire additional employees, down from 51 percent last quarter.

The sentiment from CEOs reflects broader economic worries at home and abroad—especially in Europe, where several nations could face contagion from the ongoing Greek debt crisis.

“While we see strong business fundamentals in America still, the quarterly survey results reflect increased uncertainty among CEOs concerning the economic climate,” Jim McNerney, chairman of the Roundtable, said in a statement announcing the results of the survey.