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CEOs report gloomy outlook

A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers. The Business Roundtable says that only 29 per cent of its member CEOs plan to increase hiring over the next six months.

A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers. The Business Roundtable says that only 29 per cent of its member CEOs plan to increase hiring over the next six months. That's down from 36 per cent in June, when the group last released its quarterly survey. CEOs are more pessimistic about their future sales and the overall U.S. economy. While 58 per cent expect their sales to increase over the next six months, that's down from 75 per cent in the June report. -