Leaders of middle market businesses are much less optimistic about the U.S. economy than they were at the start of this year. Just 32%—or about one in three—of middle market business leaders have confidence in the national outlook, down from 65% in January. And significantly, one-fourth (25%) now expect a recession, up from 8% at the beginning of the year, according to a survey from JPMorgan Chase.
Meanwhile, 55% of the business leaders in the survey cited uncertain economic conditions as the top challenge facing their company. This was followed by tariffs, cited by 41% of executives, along with revenue and sales growth, which also received 41%, JPMorgan said.
