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Survey Says Slowing Economy Keeps Some Momentum

Vistage, the locally based network of chief executive officers, released its CEO Confidence Index for the second quarter of 2007 on June 6, detailing the predictions and concerns of local chief executives and their opinions on the overall health of the San Diego economy.

Chief executives of small- and medium-size businesses foresee a slowing economy, dropping this quarter’s confidence index to 90.5 from the previous quarter’s index of 95.4 and from 97.8 for the like quarter last year. However, most CEOs do not foresee a recession and predict the economy will remain steady, with San Diego in the middle of its fifth longest economic expansion on record.

Some 30 percent of CEOs surveyed listed their top concern as finding and retaining talent, with stiff competition for skilled workers. Other concerns, including cash flow, the economy and health care, were significantly beneath recruiting and retaining talent.

The Vistage CEO Confidence Index compiled responses from 2,118 CEOs nationally from May 15- 24. Vistage has its office in San Diego.

, Andy Killion

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