Middle market economic sentiment remains elevated
Middle market businesses are bullish about the future for their companies and the economy. They are planning to put money behind that optimism, adding new employees and expanding their infrastructure. However, a tight labor market and credit restrictions could dampen those plans. Policymakers can help by expanding the workforce and by ensuring that new regulations don’t limit access to credit.
Seventy percent of Middle Market Business respondents expect revenue to rise over the next six months, while 68% anticipate an improvement in net earnings over the same period.
Should these trends hold, they will provide more evidence that the American economy will muddle though and avoid a recession.
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