A quarterly survey of CFO attitudes shows the level of optimism about the economy is in steep decline.

The survey of over 200 corporate CFOs by Financial Executives International and Baruch College's Zicklin School of Business showed optimism about the U.S. economy plunging to an all-time low in the second quarter of the year. Optimism about the CFOs' own companies remained relatively stable in Q2, however. The top business challenges for CFOs were expense control and competition.

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