James Pethokoukis

Politics and policy from inside Washington

Good news, bad news

June 23, 2009

Hey, this is good:

The quarterly CEO Economic Outlook Index rebounded to 18.5 in the second quarter from a record low of negative 5 in the first quarter.

But this isn’t:

But it was still the third-lowest reading in the survey’s six-year history. A reading below 50 means CEOs expect economic contraction rather than growth.

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