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

Ukraine Purges Interior Ministry Leadership With Pro-Russian Ties

Interior Minister Avakov says 91 people 'in positions of leadership' have been fired, including 8 generals found to have links to past pro-Moscow governments More

US Airlines Point to Additional Problems of any Ebola Travel Ban

Airline officials note that even under travel ban, they may not be able to determine where passenger set out from, as there are no direct flights from Liberia, Guinea or Sierra Leone More

Nigerian President to Seek Another Term

Goodluck Jonathan has faced intense criticism for failing to stop Boko Haram militants 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.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid

World Currencies

EUR
USD
0.7893
JPY
USD
107.68
GBP
USD
0.6238
CAD
USD
1.1214
INR
USD
61.185

Rates may not be current.