Last year at this time, 78% of the respondents to our Business Outlook Survey expected U.S Business conditions to improve. This year, however, only 44% anticipate improvement. The reasons for the 34% drop in confidence range from election year jitters and stock market turmoil to government regulations and political partisanship. In fact, 28% expect a decline in business conditions this year, compared to only 7% last year.
“The future for the next 4 years is hinging on the election — no matter which way it goes,” said one of the business owners and executives who completed the sixth annual McDonald Hopkins Business Outlook Survey. To read the full report, click here.