Most economists expected the economy to begin growing again in the first or second quarters of next year.
He expects the economy to grow 2.3 percent this year.
Nevertheless, 57 percent expected the economy "to be the same or better 12 months from now," the association said.
Administration officials have said they expected the economy to start rebounding by the second half of this year.
He expected the economy to slow him down by about 20 percent.
"I expect the economy to turn around and do a little better in 1991."
No one can expect the economy to go upward all the time.
He added that the company expected the economy to recover in the second half of the year and increase industry sales.
Almost 7 in 10 of the executives expected the economy to expand next year.
It still expects the economy to grow 3 percent in the second half of the year.