Middle market business leaders' confidence in the U.S. economy has sharply declined, with only 32% expressing optimism, down from 65% at the year's start. A significant portion, 25%, anticipate a recession, an increase from 8%. Although concerns about economic conditions and tariffs are prevalent, 85% still expect steady or improved business performance. This shows resilience among leaders who focus on long-term goals despite uncertainties. The survey conducted by JPMorgan considers various challenges but highlights ongoing growth expectations.
Leaders of middle market businesses show less optimism for the U.S. economy, with only 32% confident in the outlook compared to 65% in January.
Despite economic uncertainties, 85% of business leaders expect steady or increased performance, with 78% anticipating revenue growth.
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