Thursday, May 3, 2012

CFOs more optimistic on U.S. economy

Chief financial officers have a better outlook on the U.S. economy's chances for growth this year than they had in the fall, the latest survey from Bank of America Merill Lynch says.

About two-thirds of CFOs surveyed said they thought the economy would grow this year, up from 38 percent in the fall.

About half said their firms expect to add employees, and 64 percent said they would grow revenue.

The executives said the biggest threat to the economy is oil prices, cited by 65 percent, narrowly edging out "the effectiveness of U.S. government leaders."