Small and medium-sized business leaders enthusiastic about U.S. economy
The 2017 Business Leaders Outlook found that business executives from small and mid-sized firms across the U.S. are more optimistic about the global and national economies and think that the Trump administration will be a positive for the country.
The bank surveyed roughly 1,400 executives, and 80% said they were optimistic about the national economy. That's up nearly 41 points from the 2016 edition of the survey.
About 68% said they were encouraged about the outlook for their local economies, an 18 point increase from the year before.
Only 3% and 5% of these executives were pessimistic about the national and local economies respectively, according to JPMorgan.
Trump is inspiring at least some of this optimism. According to the survey, 76% said that the new administration will be good for the US economy, while only 12% said Trump would be a negative. ■