Continue to believe Michigan will be more resilient than U.S. economy overall
DETROIT, Mich., October 18, 2012 – Business Leaders for Michigan (BLM), the state’s business roundtable, forecasts that Michigan’s economy will be stalled by slower U.S. economic growth over the next year or two, but continues to believe the state’s economy will be more resilient than the nation overall. While the BLM CEOs believe Michigan cannot avoid being impacted by a deteriorating American economy, one-third still expects to increase their investments and hiring in Michigan.
“Michigan’s largest job providers are very concerned about the direction our national economy is headed in,” said Doug Rothwell, President & CEO. “They believe America’s economic growth is being severely impacted by unresolved policy matters ranging from debt reduction and taxes to new regulation and spending priorities. The reason they believe Michigan’s economy will merely stall and not shrink due to national forces is because Michigan has addressed these same issues over the past two years. We’ve done pretty well to grow as much as we have these past few years despite the slowdown of the American economy.”