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U.S. CEOs more optimistic about economic outlook


08:41, June 13, 2013

WASHINGTON, June 12 (Xinhua) -- Chief executive officers (CEOs) of large U.S. companies were slightly more confident about the country's economic prospects, according to a survey released Wednesday by Business Roundtable, a leading U.S. business association.

U.S. top corporate leaders projected that the country's gross domestic product (GDP) would grow at a 2.2 percent annual rate this year in the latest survey, up from 2.1 percent expected growth in last quarter's survey, said Business Roundtable.

"Survey results show CEOs expect a small increase in overall economic growth this year led by modest improvement in sales and hiring," said Jim McNerney, chairman of Business Roundtable.

"Overall, CEOs see the U.S. economy still on a slow road to recovery. Relative to economic conditions, business performance remains strong, but the U.S. government's unresolved long-term fiscal path and an uncertain political environment are key obstacles to more robust economic growth and hiring," McNerney noted.

The survey was completed between May 13 and May 31. Responses were received from 141 member CEOs, 67 percent of the total Business Roundtable membership. Business Roundtable is an association of chief executive officers of leading U.S. companies with more than 7.3 trillion U.S. dollars in annual revenues and nearly 16 million employees.

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