A growing expectation of a double-dip” recession is evident in a new poll of financial executives. Conducted quarterly by Mountain View, Calif.-based Adaptive Planning and Palo Alto-based Business Performance Management Forum, the poll found more than half of financial executives predicting another downturn, and most expecting jobs recovery to lag into 2011. Specifically, the Q1 2010 Business Volatility and Variables Survey revealed that 51% predict a “W-shaped” recovery, up from 46% a quarter ago.
Moreover, 72% expect that a recovery will not occur until the second half of 2010 or later and 67% expect that a meaningful improvement in jobs will not occur until 2011 or beyond.
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