2012 Business Outlook Survey results from McDonald Hopkins law firm
2012 Business Outlook Survey results from McDonald Hopkins law firm:
Modest improvements in business conditions expected in 2012
despite growing frustrations with Congress--
Only 16 percent are “cautiously optimistic” that Congress will help
Cleveland, Ohio (January 25, 2012) – Confidence in Congress continues to plummet. Based on the McDonald Hopkins 2012 Business Outlook Survey, 64 percent of business owners and executives are pessimistic about whether Congress will pass legislation to improve business conditions. Last year, 25 percent were pessimistic. According to the more than 500 respondents, 66 percent expect U.S. business conditions to improve modestly, although last year, 77 percent expected modest improvements.
What about their own companies? Here again, optimism has declined. Fifty-five percent expect business conditions in their own organizations to improve modestly compared to 61 percent in 2011. There were many comments like this one: “The biggest negative factor is the uncertainty caused by gridlock in Congress.”
Carl J. Grassi, president of McDonald Hopkins, noted that “a significant number of respondents took the time to write comments, many of which reflect their angst about the future while providing insightful ideas about how to solve the country’s economic problems.”
The 10-question survey was sent via email to clients and friends of the law firm during the first three weeks in January. Most of the survey participants are located in the states of Ohio, Illinois, Michigan, and Florida—the states where McDonald Hopkins has offices.
The three greatest challenges facing the business community are increasing health care costs (43%), retaining profit margins (40%) and federal state and local regulations (39%).
Click below to read more about the results of the 2012 McDonald Hopkins Business Outlook Survey:
About McDonald Hopkins
McDonald Hopkins is a business advisory and advocacy law firm with offices in Chicago, Cleveland, Columbus, Detroit, Miami, and West Palm Beach. For more information about McDonald Hopkins, visit www.mcdonaldhopkins.com.