No surprise the optimism has dropped in the last year, what I didn’t realize is that it is at an ten year low low for the national economy and rivaling optimism about the Global economy in 2016.
Optimism on the decline
The share of midsize U.S. business leaders who are optimistic about the national and global economies has fallen steadily since peaking in 2018. This year, in fact, marks the lowest levels of optimism since the Business Leaders Outlook survey began.
BUSINESS LEADERS OUTLOOK 2023 Business Leaders Outlook: U.S. https://www.jpmorgan.com/commercial-banking/insights/us-business-leaders-outlook#full-report