The Outlook: Profits -- and Pessimism
Don't talk to business executives about last year's mild downturn. Although many economists don't even qualify the slump as a true recession, for corporations the past year has been nothing less than a disaster. After nine straight years of increases, operating profits for the companies of the Standard & Poor's 500-stock index plunged 31% last year, in what has been called the worst corporate slump since the end of World War II.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’