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Top CEOs downgrade economic growth forecasts, expect to spend less
Top CEOs downgrade economic growth forecasts, expect to spend less

Top U.S. chief executives slightly downgraded their economic growth forecast and fewer said they expected to increase investments in their businesses amid uncertainty over whether Congress will reinstate some key corporate tax provisions, according to a survey released Tuesday. Despite those concerns, the second-quarter economic outlook index from the Business Roundtable rose to 95.4 from 92.1 in the first three months of the year, the trade group said. ------------ FOR THE RECORD An earlier version of this post said 48% of chief executives said they expected to increase capital spending in the lastest survey and 44% said they would do so in the first-quarter survey. In fact, 44%...

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