(NBCNews.com) Corporate America is pumping the brakes on any forward momentum in the economy, according to a quarterly survey of company economists released Monday.
Only 39 percent of the economists surveyed said sales have been rising faster than inflation at their companies, down from 60 percent three months ago.
"We're treading water," said Nayantara Hensel, chair of the National Association for Business Economics committee that conducted the survey. "But the treading of the water is almost, in a way, a self-fulfilling prophecy because that’s driving some of the worsening economic contions we see."
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