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BLM 1Q 2019 economic forecast: Majority of MI Business Leaders optimistic about state, U.S. economic strength

Capital investment, job growth expected to remain stable over next 6–12 months
BLM 1Q 2019 economic forecast: Majority of MI Business Leaders optimistic about state, U.S. economic strength
Wednesday, Apr 10, 2019
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DETROIT— Optimism remains strong among Michigan’s business community, with most leaders anticipating continuing growth during the remainder of 2019.

“Michigan’s business leaders remain bullish on their ability to grow jobs and investment, and are anticipating plenty of opportunities on the horizon,” said BLM president & CEO Doug Rothwell. “Any uncertainty expressed by the state’s senior executives are grounded in the unknowns surrounding international trade relations.”

PROJECTED MI INVESTMENT AMONG SURVEYED COMPANIES

NEXT 6–12 MONTHS

 

Regarding the overall economic outlook for the state and nation, a majority of the executives surveyed predict stability, though 25 percent see a downtown in Michigan as a possibility, due to the state’s higher exposure to international trade changes.

“Most respondents—80 percent—think the U.S. economic outlook is going to stay about the same during the next six to 12 months, while just over 67 percent believe Michigan also will remain stable,” Rothwell said.  “There are priorities that we must invest in while our state economy is still growing – namely, directing at least $2 billion dollars annually to fixing our severely ailing roads.”

PROJECTED U.S., MI ECONOMIC GROWTH

NEXT 6–12 MONTHS

 

Quarterly Economic Outlook Reports are available at: https://businessleadersformichigan.com/category/data/surveys/.

About Business Leaders for Michigan:

Business Leaders for Michigan, the state’s business roundtable, is dedicated to making Michigan a “Top Ten” state for jobs, personal income and a healthy economy. The organization is composed exclusively of the chairpersons, chief executive officers, or most senior executives of Michigan’s largest companies and universities.  Our members drive nearly one-third of the state’s economy, provide 390,000 direct jobs in Michigan, generate over $1 trillion in annual revenue and serve nearly half of all Michigan public university students. Find out more at: www.businessleadersformichigan.com.

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