Almost 40% of Manufacturing CFOs Predict Recession Won't End Until Second Half of 2010
While some economic signs seem to be improving, nearly 38% of manufacturing CFOs and senior comptrollers surveyed by Grant Thornton LLP do not expect to see the U.S. economy coming out of the current recession until the second half of 2010.
Nearly 27% expect the recession to end during the first half of 2010, and nearly 15% see a more bullish outlook, predicting the recession will end by the end of 2009.The bears weighed in also, however, with some 20% of CFOs not expecting to see a turnaround until 2011 or beyond.
Source: Industry Week
