Gloom lifts, focus shifts to unemployment.
23% expect the recession to be over by year's end, while 37% say the first half of 2010 and 39% see it ending in the second half of 2010 or beyond.
HOW CONFIDENT ARE YOU ABOUT THE STATE OF THE U.S. ECONOMY? (1 = very pesimistic, 10 = very confident) Over the next six months: 4.19 12/08 3.67 7/08 4.29 12/07 5.06 Over the next 12 months: 5.38 12/08 4.46 7/08 4.88 12/07 5.52
52% see the credit crunch beginning to ease.
ANNUAL REVENUES Under $500 million 7% $500 million to $1 billion 28% $1 billion to $5 billion 46% Above $5 billion 19% Note: Table made from pie chart. BIGGEST THREATS TO ECONOMIC GROWTH IN THE NEXT 12 MONTHS: Unemployment 24% Contraction in consumer spending 22% Lack of availability of credit 18% Lack of liquidity in the system 10% Corporate and individual defaults 8% Note: Table made from pie chart. HAVE WE SEEN THE WORST OF THE FINANCIAL CRISIS? Yes 28% No 72% Note: Table made from pie chart. EXPECTATIONS FOR FED FUNDS RATE 12 MONTHS FROM NOW: UNCHANGED 30% UP 25 BASIS POINTS 27% UP 50 BASIS POINTS 32% UP MORE THAN 50 BASIS POINTS 11% Note: Table made from bar chart.
57% expect their company's 2009 revenues to fall short of 2008 revenues.
EXPECTATIONS FOR AVERAGE PRICE OF BENCHMARK LIGHT CRUDE OIL OVER NEXT 12 MONTHS: Under $60 7% $60 to $70 29% $70 to $80 47% $80 to $90 15% Above $100 2% Note: Table made from bar chart.
69% expect their company to be affected by the slowdown in global markets.
52% say the government's stimulus package is likely to help the economy in general, but only 33% say their company is likely to benefit from the stimulus.
HOW WILL THE DOLLAR PERFORM AGAINST THE EURO OVER THE NEXT 12 MONTHS? Weaken 44% Strengthen 30% Stay the same 26% HOW WILL THE DOLLAR PERFORM AGAINST THE YEN OVER THE NEXT 12 MONTHS? Weaken 39% Strengthen 30% Stay the same 31% Note: Table made from pie chart. EXECUTIVES' OUTLOOK FOR THEIR OWN COMPANY OVER THE NEXT 12 MONTHS: WILL DECREASE CAPITAL SPENDING 31% WILL INCREASE CAPITAL SPENDING 22% WILL REDUCE WORKFORCE 35% WILL ADD TO WORKFORCE 17% EXPECT OPERATING MARGINS TO SHRINK 27% EXPECT OPERATING MARGINS TO GROW 32% Note: Table made from bar chart. HAS THE FED RESPONDED ADEQUATELY TO THE ECONOMIC DOWNTURN? TOO SLOW TO RESPOND 18% TOO QUICK 25% GOOD BALANCE 57% Note: Table made from bar chart.
45% say the Obama administration is likely to deal better with the recession than the previous administration.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Treasury & Risk's 2009 Economic Survey|
|Publication:||Treasury & Risk|
|Date:||Jul 1, 2009|
|Previous Article:||Is getting back to normal possible?|
|Next Article:||Perils of climate change: global warming and severe weather pose serious risks for businesses. Here are some to consider.|