Home 2021 Business Confident for 2021

US chief executives are more optimistic about rising sales and overwhelmingly expect a recovery from the Covid-19 downturn by the end of 2021, according to a survey released Wednesday.

The Business Roundtable reported jumps in expectations for the next six months in all three categories: expected sales, capital spending and hiring.

And 72 percent of CEOs said conditions have already recovered or will have recovered by the end of 2021. That is an increase from 67 percent in the prior quarter.

The survey is the latest to point to broadening optimism about the economic recovery, and comes as the House of Representatives is set to approve a $1.9 trillion fiscal spending package and send the measure to President Joe Biden for final signature.

“These survey results suggest that the economy is recovering, which is encouraging news, as there are many American workers, families and communities who are still hurting,” said Walmart Chief Executive Doug McMillon, who is chairman of the organization.

For the United States to fully recover, “it’s important that as many people as possible get vaccinated when eligible and continue safety practices,” he added.

Biden’s spending bill includes up to $1,400 stimulus checks to most Americans, extensions to unemployment aid and a child tax credit for low-income households, among other provisions.

Republicans in Congress have uniformly opposed the bill, arguing it is untargeted, too costly and reflective of a “socialist agenda.”

Joshua Bolten, chief executive of the Business Roundtable, offered measured praise for Biden’s stimulus package.

“We’ve been strongly supportive of a substantial part of what’s in the bill,” he said, but added that he has been “skeptical” of provisions not tied directly to the coronavirus crisis.

Bolten reiterated his preference for bipartisan legislation and said he hopes an upcoming debate on infrastructure spending can be crafted with input from both major parties.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.