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Treasury and finance professionals expect tepid economic growth in 2016

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2016 AFP Business Outlook Survey finds that just 45% of finance pros believe business conditions will improve next year.

Treasury and finance professionals are predicting more tepid growth in the year ahead.

The 2016 AFP Business Outlook Survey, underwritten by SWIFT, revealed slightly less than half of finance professionals anticipate business conditions will improve in the United States during 2016. Nearly 1,200 treasury and finance professionals responded to the survey.

Among their 2016 predictions:

  • 54% expect the U.S. economy will grow between 1.0% and 1.9%.
  • 48% expect their companies will increase U.S. payrolls.
  • 53% expect consumer prices will increase less than 1%.
  • 46% say rising health care costs is the biggest threat to economic prosperity, followed by excessive regulations (43%).
  • 69% believe regulatory compliance will be a key financial priority for their organization

"Because treasury and finance professionals work in a wide range of industries in public and private organizations of varying sizes, their perspectives are 'hands on' indicators of future business conditions," said Jim Kaitz, president and CEO of AFP. "Their job responsibilities are to take into account business conditions that affect their organizations and then forecast how those conditions will change in both the short and intermediate term. They also must make critical business decisions—including those affecting corporate borrowing and business investments—based on those observations and assumptions."

 

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