News / Economy

Survey: US Economic Growth Improving Slightly

A trader looks at his screen as he works on the floor of the New York Stock Exchange on March 13, 2014.
A trader looks at his screen as he works on the floor of the New York Stock Exchange on March 13, 2014.
— A survey of U.S. business leaders shows they expect slight improvements in hiring, sales and investment. Leading chief executive officers (CEOs) say boosting foreign trade, and reforming taxes and immigration could spur faster growth.

The CEOs surveyed by the Business Roundtable lead many of the largest companies in the United States, employ more than 16 million people, and have more than $7 trillion dollars in revenue.

The CEO of AT&T, Randall Stephenson, said his peers expect U.S. economic growth to improve slightly, but remain below its potential. Still, he said some key drivers of economic growth are picking up.   

"Seventy-two percent of the CEOs anticipate that sales will increase in the next six months," he said.

Nearly half of the CEOs also expect an increase in capital investment,"  Stephenson added.

“There is a very high correlation between private sector investment and sustained job growth," he said. But only 37 percent expect to increase hiring.

The business group says there would be more hiring if there were lower taxes on business and immigration policies that were more helpful to business. They are also pressing Congress and the Obama administration to do more to expand foreign trade. Some of the business proposals are opposed by labor and other groups.

A separate survey by Gallup published Tuesday showed Americans grew slightly less pessimistic about the nation's current and future economic situation.  

Other new economic data shows fewer houses were built in February than the previous month, but a rise in the number of permits issued for future construction may be a sign of future growth. A Labor Department report shows a slight increase in the cost of living in February, as falling gasoline prices softened the impact of rising food costs.

Top officials of the U.S. central bank are looking at this and other information Tuesday and Wednesday in Washington, where they are debating how much support the recovering U.S. economy needs.

The U.S. Federal Reserve has been using super-low interest rates in an effort to boost growth by making it cheaper to borrow the money families need to buy homes and that businesses need to buy equipment, expand and hire new people.

One part of that effort has been purchasing tens of billions of dollars' worth of securities each month. The Fed has been steadily reducing or "tapering" that effort.

Wednesday afternoon, new Federal Reserve Chair Janet Yellen is scheduled to outline the bank's latest economic outlook and meet with reporters to explain the Fed's decisions.

You May Like

At Khmer Rouge Court, Long-Awaited Verdict Approaches

First phase of trial, which is coming to an end, has focused on forced exodus of Phnom Penh in 1975 - and now many are hopeful justice will be served More

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities More

Video Information War Rages Alongside Real One in Ukraine

Downing of Malaysian airliner, allegations of cross-border shelling move information war in war-torn country to a new level More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Information War Rages Alongside Real One in Ukrainei
X
Al Pessin
July 31, 2014 8:13 PM
The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Gazans in Shelled School Sought Shelter

Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Rapid Spread of Ebola in West Africa Prompts Global Alert

Across West Africa, health officials are struggling to keep up with what the World Health Organization describes as the worst ebola outbreak on record. The virus has killed hundreds of people this year. U.S. President Barack Obama and other world leaders are watching the developments closely as they weigh what actions, if any, are needed to help contain the disease.
Video

Video Michelle Obama: Young Africans Need to Embrace Women's Rights

U.S. first lady Michelle Obama urged some of Africa's best and brightest to advocate for women's rights in their home countries. As VOA's Pam Dockins explains, Obama spoke to some 500 participants of the Young African Leaders Initiative, a six-week U.S.-based training and development program.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.
Video

Video Study: Latino Students Most Segregated in California

Even though legal school segregation ended in the United States 60 years ago, one study finds segregation still occurs in the U.S. based on income and race. The University of California Los Angeles Civil Rights Project finds that students in California are more segregated by race than ever before, especially Latinos. Elizabeth Lee reports for VOA from Los Angeles.

AppleAndroid

World Currencies

EUR
USD
0.7305
JPY
USD
101.53
GBP
USD
0.5830
CAD
USD
1.0656
INR
USD
60.075

Rates may not be current.