• 2022-09-19

A Majority of Executives said the State’s Efforts to Support Small Business during the Pandemic have Fallen Short

Nearly seven in 10 business executives (68%) said they believe the U.S. economy has entered a recession, and vast majority of them (71%) believe it will last longer than a year, according to a survey of business executives conducted by the New Jersey Chamber of Commerce. The results were released today.

Even among the business executives that do not believe the nation’s economy is in a recession, about half of them (51%) said they expect a recession will begin within the next 24 months, according to the survey.