A majority of business leaders recently reserved are predicting economic stability entering into 2019 with added job growth and investment. However, there’s uncertainty creeping into Business Leaders for Michigan’s most recent survey.
Business Leaders for Michigan, a business roundtable of chairpersons, CEOs and senior executives have provided their 2018 fourth quarter thoughts on the state’s economic outlook. The most recent survey indicates 80 percent of them believe employment and investment will remain steady over the next six to 12 months.
But as Anna Heaton, Vice President of marketing and Communications, points out that collective prediction comes at a time of economic uncertainty with rising interest rates and commodity prices along with international trade policy disputes.
“So we’ve seen a lot of signs that the economy is expected to worsen both here in the state and at the federal level. And yet the large business leaders in our state still are confident that they’re going to be making more capital investment and keeping employment either the same or hiring even more people. So, they’re still confident that there’ll be further economic growth even with a series of signs coming in that things are turning downward.”
Doug Rothwell, BLM president & CEO explained the current conditions and sentiment this way, “The survey results continue to reinforce what has been a trend since Michigan’s business climate began to improve over the past eight years—Michigan business leaders find the state a more attractive place to invest than the nation as a whole,”
