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“The excessive confidence within the earlier quarter was seemingly pushed by optimism about what the brand new administration would possibly accomplish, whereas the present studying displays the truth of ongoing financial challenges,” Galvin mentioned in an announcement.
“This uncertainty, together with tariffs and rising issues amongst shoppers, is resulting in a extra cautious outlook for the U.S. economic system.”
Considerations over tariffs
In accordance with the report, 69% of CEOs are involved that commerce and tariff coverage modifications will negatively influence their enterprise.
“The truth of the insurance policies being urged and applied is seen as inflationary and disruptive to enterprise planning,” Galvin mentioned in an perception.
“The transition to the brand new administration is now not fostering optimism in regards to the economic system or the trajectory of enterprise. As an alternative, it has given technique to a extra polarised perception in financial instability and chaotic decision-making, versus a business-friendly surroundings.”
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