CFOs See Higher Costs and Lack of Skilled Labor; Reduce Outlook for Growth
Federal Reserve Bank of Richmond (09/28/22) Financial decision-makers lowered their expectations for real growth in gross domestic product during the third quarter amid concerns over inflation and trouble finding skilled labor, according to a survey of chief financial officers by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. CFOs said their optimism about the overall economy rose modestly