Businesses are operating in an economic environment that defies past patterns. Real gross domestic product (GDP) has declined two quarters in a row and the stock market is predicted to decline through the end of the year. Inflation remains near historical highs and despite the strong labor market, economists say a soft landing is unlikely and a recession is predicted at the end of 2022 or in early 2023.
To understand how businesses are navigating this pending recession, we surveyed 500 finance professionals at middle market companies.
In this report, we dive into the survey results to uncover the middle market’s perception of the economy, priorities over the next 12 months and budget adjustments to account for a predicted recession.