How Did the U.S. Elections Impact Firms' Outlook for the Economy?

Dec. 4, 2024

CFOs’ optimism about the overall economy increased sharply and broadly in Q4 relative to Q3. Averaged across all respondents, optimism about the economy increased 5.3 points, while own-firm optimism increased 1.8 points since last quarter – both strikingly similar to the increases observed after the 2016 U.S. elections.
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Line graph of the optimism indexes from the CFO Survey since 2012. There are two lines being compared: optimism about the United States economy and optimism about own company. Years that had their third and fourth quarters during election years are marked.
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