CEOs optimistic about 2014

Sixty-five percent of Wisconsin chief executive officers expect moderate state economic growth in the first half of the year, according to a recent survey by Wisconsin Manufacturers & Commerce

The survey of 341 Wisconsin CEOs showed 31 percent expect the economy to remain flat, while just 1 percent expect weakened growth.

In terms of the national economy, 47 percent project moderate growth in the first half of the year, 44 percent expect flat economic performance and 8 percent predict contraction.

A full 95 percent of business leaders reported the state is going in the right direction, and 89 percent said the state government is either very or somewhat pro-business.

Among those surveyed, concerns included the sluggish economic recovery, health care, regulations, labor shortage and taxes, in order of importance.

“It appears that the not so great recovery from the Great Recession may continue,” said Kurt Bauer, president and CEO of WMC. “The open-ended responses from business leaders show they are very frustrated with federal policies they see as weighing down the economy, however business executives are very confident about the growth in their own companies and that optimism may translate into growth.”

To view the survey results, click here.

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