Balls

Jacob Spiess

6/22/15

Economics in My Life 2

CEOs temper U.S. economic growth outlook for 2015: survey

The article I chose to read and write about was “CEO’s Temper U.S. Economic Growth Outlook for 2015: Survey” written by Nick Carey on Monday Junes 8th of 2015. This article was about business surveys, displaying behaviors with in the economy. Chief executive offers have become more careful, taking fewer risks in the increase of sales and hiring. This survey showed that in May (during the second quarter) examines the Unites States gross domestic product for the first quarter, and this showed a 0.7% decrease. C.E.O’s will expect a 2.5% growth in the GDP this year. But this is 0.3% smaller than last quarter. According to the survey to fix this, the majority of people surveyed (70%) said that they would raise sales with in the next six months, and 35% said they expect spending increases over this time. There is a quote with in this article from Randall Stephenson that said, "Business investment is a key driver of economic expansion and job growth." Stephenson also told surveyors that the government should enact in a tax reform and pass the Trade Promotion Authority. This would grant the president fast-track powers to negotiate trade agreements, in order to lift capital investment and boost the economy. The article also gave some other stats. One of them being that 34% of Chief Executive Officers said that they expect to hire more workers within the next 6 months.

This article relates to module 6 on Economic growth. We have just finished learning about long run economic growth, the economic growth model and many more things from chapter 11 in the Hubbard Obrien textbook (edition 4). We learned that the economic growth model is a model that explains growth rates in real GDP per capita in the long run. This model relates to the article in a couple ways. Within these surveys that were taken C.E.O’s gave their inputs on how they are going to raise this GDP with...