As layoffs pile up and many industries like retail and travel continue to struggle amid lower consumer spending, confidence in a near-term economic recovery is low.
In June 2020 polling from Pearson Partners International, nearly half of US business leaders said they believe a full economic recovery to pre-coronavirus levels won’t happen until 2021 or 2022, while just over a third said we’re in for a longer road ahead, setting their sights between 2023 and 2025.
Just 13% of US business leaders said they expect the economy to recover to pre-coronavirus levels this year.
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