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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (44800)	1/16/2004 4:26:00 AM
From: EL KABONG!!!	Respond to of 74559

Chief Executives Start Embracing Recovery By Anirvan Banerji Special to RealMoney.com 01/09/2004 03:50 PM EST ... That's an important shift. Although 40% of CEOs still don't believe the economy is really growing -- even with third-quarter GDP rising at an 8.2% annual rate -- the sharp shift in perceptions suggests that firms will finally start hiring in earnest. With CEO perceptions catching up with economic reality, their actions are likely to follow. That won't stop the outsourcing of jobs abroad because the drivers of that structural shift remain intact. But a step-up in overall hiring is a rising tide that will lift all boats. Sure, some boats may have sprung a leak and will rise more slowly, or even sink, as jobs in some industries are outsourced. But net job growth will still improve noticeably in the near term. ... Also in 2004, while Eurozone growth is likely to lag, all major economies will expand simultaneously for the first time since 1999-2000. Along with the falling dollar, this will provide a boost to U.S. exports. Given this outlook, most of us can look forward to a prosperous new year. For the entire article, go to: thestreet.com