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Holding their own: Middle Market Business Leaders Manage Through Inflation
At the end of 2022, the economic outlook among middle market business owners reached its lowest point since the first quarter of 2021. By March of 2023, they were feeling slightly more positive, as disruptions from supply chain issues and COVID-19 have mostly faded. A March survey of 400 owners and executives of businesses with $10 million to $2 billion in revenues revealed that while some concerns have lifted, inflation and higher operating costs remain stubborn challenges for many middle market businesses—and most of those surveyed anticipate an economic downturn before the end of the year.
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