Most American CEOs see their firms recovering by end 2021 — survey

American CEOs are more optimistic about rising sales and overwhelmingly expect a recovery from the Covid-19 downturn by end-2021, according to a survey.

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 the year. That is an increase from 67 percent in the prior quarter.

The survey points to broadening optimism about the economic recovery.

Walmart Chief Executive Doug McMillon, who is chairman of the organization, said, “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.”

He added, “It’s important that as many people as possible get vaccinated when eligible and continue safety practices” for the US to fully recover.

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