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Entries in Quarterly Economic Survey (6)

Tuesday
Feb182014

Business Leaders Forecast: MI and U.S. Economies Expected to Grow in Short and Long Term

The state’s largest employers add jobs and invest in Michigan in 2013

DETROIT, Mich., February 18, 2013 – Business Leaders for Michigan (BLM), the state’s business roundtable, expects the Michigan and U.S. economies to both grow in the next 6 and 18 months and expects Michigan’s economy to continue to grow faster than the U.S. economy.

“The state’s largest job providers continue to believe Michigan will out-perform the national economy over the next year and a half,” said Doug Rothwell, President & CEO.  “Optimism about the economy rose sharply in the last quarter due partly to the resolution of federal budget and debt ceiling negotiations and strong year-end financial reports from major Michigan employers.” 

Highlights of the survey of Business Leaders for Michigan include:

  • Sixty four percent of business leaders believe Michigan’s economy will grow and none believe it will get worse while only 51% forecast the U.S. economy will grow the next six months.  

Click to read more ...

Wednesday
Oct162013

Business Leaders for Michigan Report: Oct. 16, 2013

Via WJIM 1240: Business Leaders for Michigan members are forecasting that Michigan's economy will grow faster than the U.S. economy over the next year and a half. In addition, 40 percent project that jobs will be added in the next six months. 

Click here to listen to the report. 

Tuesday
Oct152013

Business Leaders Forecast: MI Will Grow Faster Than U.S. in Long-Term 

Short-term growth slowing

DETROIT, Mich., October 15, 2013 – Business Leaders for Michigan (BLM), the state’s business roundtable, continues to forecast that Michigan’s economy will grow faster than the U.S. economy over the next eighteen months.  However, business leaders believe both America’s and Michigan’s growth over the next six months will be slower due to lower global demand and domestic financial uncertainty. 

“Michigan’s business leaders continue to believe that Michigan will out-perform the national economy over the next year and a half by a significant margin,” said Doug Rothwell, BLM President and CEO. “Their more pessimistic short-term outlook reflects continued sluggishness in major export markets and a lack of federal action on interest rate, debt and tax policies.  The belief is that over the long-term global growth will return and some federal issues will get resolved.  Once those things happen, Michigan will benefit disproportionately because we’re a big export state.”

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Thursday
Apr112013

Business Leaders Forecast: Michigan will continue to grow faster than U.S. economy

Long-term outlook better than short-term; More hiring planned for 2013

DETROIT, Mich., April 11, 2013 – Business Leaders for Michigan (BLM), the state’s business roundtable, continues to forecast that Michigan’s economy will grow faster than the U.S. economy over the next six to eighteen months.  The forecast is reinforced by 43 percent of BLM members planning to increase hiring in Michigan in just the next six months. 

“Michigan’s business leaders continue to be more bullish towards the state’s economic outlook than the nation’s again this quarter,” said Doug Rothwell, President & CEO. “While Michigan’s business climate continues to improve, no significant federal policy reforms have been adopted amidst the slowdown in global growth.  The net result is that business leaders are more optimistic about Michigan’s economy short- and long-term and are backing that optimism up with continued hiring.” 

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Thursday
May102012

Business Leaders For Michigan 1Q Economic Outlook Survey

More optimistic about outlook for Michigan than U.S.

DETROIT, Mich., May 10, 2012 – A survey of Business Leaders for Michigan (BLM), the state’s business roundtable, shows that the state’s largest employers are more optimistic about Michigan’s short and long-term economic outlook than for the nation. 

“Michigan’s largest job providers are bullish on the state’s economic prospects and backing it up with increased hiring and investment,” said Doug Rothwell, President & CEO.  “Business leader optimism about the state’s long-term economy is at a three year high and nearly a third of the largest job providers are planning increased hiring and investment in the next six months.”

Download The Full Survey

Tuesday
Jan172012

4Q ECONOMIC OUTLOOK SURVEY: More optimistic about long-term outlook for both U.S. and Michigan

DETROIT, Mich., January 17, 2012 – A survey of Business Leaders for Michigan (BLM), the state’s business roundtable, shows that the state’s largest employers are increasingly optimistic about Michigan’s short and long-term economic outlook. 

“Michigan’s largest job providers are getting downright bullish on the state’s economic prospects and backing it up with increased hiring and investment,” said Doug Rothwell, President & CEO.  “Business leader optimism about the state’s long-term economy is at a three year high and nearly a third of the largest job providers are planning increased hiring and investment in the next six months.”

Download the full report