Yesterday we talked about how Warren Buffett remains bullish on the American economy, but it's worth pointing out that a number of American executives aren't quite so optimistic. McKinsey surveyed 868 American executives in August and found that 54 percent of them expect the country's economy to be either the same or worse over the next six months. As recently as June, it was just 45 percent of American executives who felt that way.
In the most recent survey, just 3 percent of the execs thought the economy would be substantially better in six months. Only 1 percent said it would be substantially worse, but 14 percent projected it to be moderately worse.
The last time McKinsey conducted this survey, in June, it was European executives who had the most pessimistic outlook for the future. Now, their American counterparts have taken over that dubious distinction.
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