BLMs 3Q Economic Outlook Survey: Negative near & long-term U.S. economic outlook will impact Michigan
DETROIT, Mich., October 24, 2011 – A survey of Business Leaders for Michigan, the state’s business roundtable, shows that the state’s largest employers are forecasting an increasingly negative outlook for the U.S. economy that will affect Michigan.
“Business leaders are growing very concerned about the nation’s short and long term economic outlook,” said Doug Rothwell, President and CEO of Business Leaders for Michigan. “While Michigan’s largest employers have a much more positive view of Michigan’s prospects, their view of the national economy is that it will negatively impact Michigan’s growth.”
“The good news from this survey is that Michigan’s largest employers believe they will out-perform their competitors over the near and long-term and they are much more optimistic about Michigan’s long-term economic prospects than they were a couple of years ago,” said Rothwell. “About one-third of Business Leaders for Michigan companies are forecasting increased job creation and investment in Michigan over the next six months.”