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Friday, 07 October 2011 11:18 | 
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Despite recent warnings from top economists, a number of the USA's most prominent CEOs have expressed cautious optimism about the state of the country's economy, according to a Reuters report.
Top chief executives such as Jeff Immelt (General Electric Co) and FedEx's Frederick W Smith have have suggested that the USA is unlikely to slip back into recession - although the world's major economies must prepare themselves for a lengthy recovery from the economic crisis.
Speaking at a conference for US executives, Mr Immelt offered a more optimistic outlook than that put forward by economists earlier this week: "Recovery is underway, but it's a long, slow recovery. Slower than we'd like.
"While conditions are making executives nervous, the situation does not seem nearly as dire as it did during the credit crunch during the last recession. This is a lot different than 2008," continued Mr Immelt, "There's liquidity; there [are] pockets of growth."
That view was shared by the founder of FedEx, the world's second-largest package delivery company. "We don't see a contraction. We don't see a recession," said Frederick W Smith, as quoted by Reuters. "It's steady as you go, slow growth."
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