Businesses' recession fears lower for 2024: JPMorgan survey
01/05/2024 00:26
A new survey from JPMorgan Chase reveals a drop in business leaders' fears of a recession in 2024. The report showed 40% of mid-sized business leaders anticipate a recession in 2024, down from 65% last year. JPMorgan Commercial Banking Head of Research Ginger Chambless joins Yahoo Finance to discuss their recent survey and how business leaders view the current status of the economy. "What came out of the survey is that there is 86% of mid-size business leaders expect to maintain or add headcount in 2024," Chambless explains. "So, that's still a pretty high number, and I think it speaks to the idea that businesses are still looking to add workers, even in this environment where they're still somewhat tempered in terms of their outlook on the economy." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino.
A new survey from JPMorgan Chase reveals a drop in business leaders' fears of a recession in 2024. The report showed 40% of mid-sized business leaders anticipate a recession in 2024, down from 65% last year.
JPMorgan Commercial Banking Head of Research Ginger Chambless joins Yahoo Finance to discuss their recent survey and how business leaders view the current status of the economy.
"What came out of the survey is that there is 86% of mid-size business leaders expect to maintain or add headcount in 2024," Chambless explains. "So, that's still a pretty high number, and I think it speaks to the idea that businesses are still looking to add workers, even in this environment where they're still somewhat tempered in terms of their outlook on the economy."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino.