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WASHINGTON (AP) - The country's top corporate executives foresee pretty good business prospects even as the economy makes its way through a sluggish spell.
A survey by the Business Roundtable, released Tuesday, also showed that most executives expected sales, capital investment and hiring to remain at current levels or be boosted in the coming months.
Chief executive officers "see favorable business conditions continuing," said the group's chairman, Harold McGraw III, president and chief executive officer of The McGraw-Hill Companies. "While the survey does suggest that the U.S. economy is settling into a somewhat softer consolidation phase, as long as consumers keep spending, the economy can continue to move ahead," he added.
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