Business Confidence in U.S. Economy Drops to Lowest Level since 2009
September 25th, 2011 • Uncategorized
“Confidence in the United States economy fell to its lowest level in more than two years, according to the most recent quarterly Business Optimism Index from Grant Thornton LLP.” In other words, people are in fear and are in need of constant reassurance that the future is stable enough. Not only USA citizens are not able to live feeling secure but also they are unsure to what to do. This leads to economic uncertainty and this consequently “is bad for business”. According to Stephen Chipman, “uncertainty about global economic policy and sovereign debt are weighing on the business decision-making across the country. Business leaders are waiting for a sign that there will be some stability out of Washington and the European Union.”
As it can be seen in the table above, it shows how there has been a major decrease in the hope that the economy will increase. This will lead to uncertainty and a weakness in their decision making as customers or businessmen. Either way, the economy is not stable and neither is their confidence. Once its regulated, businesses can improve, earn profit and implement decisions for the company to increase exponentially.
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