Home // News // BLM 2Q 2015 Economic Forecast: In Short- and Long-Term, Job Leaders Think the MI and U.S. Economies will Stay Flat

BLM 2Q 2015 Economic Forecast: In Short- and Long-Term, Job Leaders Think the MI and U.S. Economies will Stay Flat

BLM 2Q 2015 Economic Forecast: In Short- and Long-Term, Job Leaders Think the MI and U.S. Economies will Stay Flat
Thursday, Jul 30, 2015
Download Press Release


DETROIT, Mich., July 30, 2015 – According to a survey conducted by Business Leaders for Michigan (BLM), the state’s business roundtable, the majority of Michigan’s largest employers project that the Michigan and U.S. economies will remain flat in the next 6 to 18 months.

“The majority of Michigan’s largest employers believe that the state’s economy will remain essentially the same over the next six to eighteen months – and only slightly outpace the nation over the same time period,” said Doug Rothwell, BLM President and CEO. “Recent global conditions in China, Europe and the Middle East are clearly having an impact. But Michigan’s inability to adopt a long-term road solution and talk of dramatically scaling-back economic development have also contributed to a climate of uncertainty.”

Highlights of the survey of Business Leaders for Michigan include:

  • Next six months: Approximately one-third of business leaders believe the Michigan and U.S. economies will improve over the next six months (31% and 33%, respectively) and roughly two-thirds believe the economies will remain flat (69% and 67%, respectively).  It should be noted, however, that no respondents believe that the economy will worsen.
  • 2Q+2015+Next+6+Months
  • Next eighteen months:  Optimism for Michigan’s economy over the long-term was somewhat higher than that of the U.S. economy with 44% of business leaders believing the Michigan economy will improve in the next eighteen months.  Only 39% of business leaders forecast the U.S. economy will grow over the same time-period. However, more than half (53%) believe both the Michigan and U.S. economy will remain essentially unchanged.

2Q+2015+Next+18+Months
The survey also found that less than half of business leaders project their companies will add jobs and make capital investments in Michigan over the next six months.

The results reflect a survey of Business Leaders for Michigan’s 80 members, the state’s largest private sector job providers that represent nearly one-third of the state’s economy.

###

Recent News

News

One More Item On Our 2018 To-Do List

Dec 12, 2018

Leading What’s Next… As we come to the end of another calendar year, it’s great to reflect on all that has been accomplished. We’ve made new strides in connecting business with...

Read More
Data

BLM releases 2018 statewide economic benchmarking data

Nov 12, 2018

DETROIT, Mich.—Business Leaders for Michigan (BLM), the state’s business roundtable, released a major report on the state’s economic performance Monday, highlighting the impact of key policy and...

Read More
What We're Reading

Launch Michigan releases Phase I recommendations

Dec 22, 2019

Launch Michigan is a diverse alliance of education, labor, business and philanthropic organizations, and parents and civic leaders committed to establishing a shared agenda to ensure all Michigan stud...

Read More
What We're Reading

Is Michigan ready for the next recession? Not even close

Nov 19, 2019

From Crain’s Detroit – In the last couple of years, many economists have suggested that the U.S. economy could enter a recession in 2020 or 2021. Trade wars, ballooning corporate and perso...

Read More
News

What actions can we take to keep accelerating Michigan’s growth?

Nov 19, 2019

That’s a wrap for another fantastic CEO Summit. Our event on Nov. 5 was aimed at figuring out what’s headed our way next: a recession? Further economic growth with new hires and business expansion...

Read More