WAUSAU – A new survey of Wisconsin businesses found that economic optimism is quickly waning, driving fears of an upcoming recession. According to the Wisconsin Employer Survey, 71 percent of businesses believe that the state’s economy will enter a recession within the next 12 months. Four in 10 of those surveyed expect a recession before the end of the year.
When asked to rate the Wisconsin economy, 44 percent of respondents said it was strong – a 14 point drop from one year ago. Forty-seven percent rated the state’s economy as moderate and nine percent said it was weak. The national economy fared even worse. Only 26 percent of employers believe the U.S. economy is strong, while half rate it as moderate and 27 percent say it is weak.
WMC’s Nick Novak joined Meg Ellefson on WSAU to discuss these results.
Listen to the full segment at WSAU.com or below: