Home // News // Press Releases // BLM 4Q 2018 Economic Forecast: Majority of Business Leaders Predict Stable or Growing Jobs and Investment in MI

BLM 4Q 2018 Economic Forecast: Majority of Business Leaders Predict Stable or Growing Jobs and Investment in MI

Growth Expected Despite Weakening of State, U.S. Economies
BLM 4Q 2018 Economic Forecast: Majority of Business Leaders Predict Stable or Growing Jobs and Investment in MI
Saturday, Dec 8, 2018
Download Press Release


DETROIT— More than 80 percent of Michigan’s largest companies forecast their employment and investment in Michigan will stay the same or increase in the next 6 to 12 months.

Their positive outlook notwithstanding, 90 percent of these same leaders believe the state and U.S. economies will stay the same or worsen during that time.

“The survey results continue to reinforce what has been a trend since Michigan’s business climate began to improve over the past eight years—Michigan business leaders find the state a more attractive place to invest than the nation as a whole,” said Doug Rothwell, BLM president & CEO.

At the same time, surveyed companies have generally weaker outlooks for the Michigan and U.S. economies.

“The economic forecast reflects considerable uncertainty in the marketplace despite strong current economic conditions,” Rothwell said. “These include rising interest rates, rising commodity prices, slower growth overseas and continuing trade policy disputes.

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

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