Optimism about the economy has plummeted on all fronts in the U.S. and Europe by more than twice the amount in previous quarters, diving to its lowest level in over a year, according to a new survey.

The quarterly survey of CFOs by Financial Executives International and Baruch College’s Zicklin School of Business found that their CFO Optimism Index dropped eight points from the previous quarter (59.00 to 51.1 in Q3), the lowest since Q2 2009. 

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