
Economic growth expectations of CFOs have ticked downward according to a Bank of America Merrill Lynch survey. Companies expect to grow more slowly in 2016 over last year, and 15% more CFO’s expect slower growth (from 1% to 5%) in 2016 over 2015. The number of CFO’s expecting faster growth in 2016 is down over last year. While growth confidence is still intact, it has weakened on a year over year basis.