Chief executives of big US companies are warning that the country faces another year of sluggish growth, while expressing hope that a deal over the budget being discussed in Congress will kick-start the economic recovery.
Jim McNerney, chief executive of Boeing and chairman of the Business Roundtable, said that companies surveyed by the lobby group expected US growth to be only about 2.2 per cent next year, close to its rate for the past two years. But a budget deal would be a “catalyst” for faster growth, investment and job creation, he added.
His comments come as Congress is closing in on a deal that would remove some of the fiscal uncertainty that has afflicted the US economy for the past two years.
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