2022

U.S. financial executives are generally pessimistic about next year’s economy, saying they expect price growth to subside some in 2023 but still remain high. They also report that wages at their firms have not kept pace with inflation.

Financial decision-makers responding to the third quarter survey lowered their expectations for real GDP growth amid concerns over inflation and trouble finding skilled labor.

Views on the economy among CFOs have worsened for 2022. CFOs expressed a decline in optimism about the economy and reduced expectations for real GDP growth. Respondents also expected higher cost and price pressures for their firms and flat real revenue growth.

Alongside the decline in optimism about the U.S. economy, expectations of firms for real GDP growth and stock market appreciation both softened.