Inflation has been a challenging headwind impacting businesses of all sizes, across all industries. (ink drop/Adobe Stock) Inflation has been a challenging headwind impacting businesses of all sizes, across all industries. (ink drop/Adobe Stock)

Fewer than 8% of midsize business leaders in the United States have a positive outlook about the global economy today, down from nearly one-third a year ago. Moreover, nearly two-thirds expect a recession this year.

“But the news isn’t all doom and gloom,” according to the 2023 Business Leaders Outlook Survey from JPMorgan Chase. “Most leaders (66%) are still optimistic about their own company’s performance. Nearly 90% expect to add or keep employees. And supply chain challenges have eased somewhat: 39% say it has gotten easier over the past 12 months to source materials and ship goods.”

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