“Every quarter, Business Leaders for Michigan (BLM) surveys its members to assess their outlook on the national and state economy. Based on our latest survey, the state’s largest employers forecast that Michigan’s economy will be stalled by slower U.S. economic growth over the next year but will be more resilient than the nation overall. Our members believe Michigan cannot avoid being impacted by a deteriorating American economy, but one-third still expect to increase their investments and hiring in Michigan and nearly two-thirds expect their sales to increase over the next six months.
"Michigan’s top employers believe America’s economic growth is being severely impacted by unresolved policy matters ranging from debt reduction and taxes to new regulation and spending priorities. It is their view that Michigan’s economy will merely stall and not shrink due to national forces is because Michigan has addressed many of these same issues over the past two years. This outlook could be significantly improved if federal lawmakers could reach agreement on major, long-term fiscal reforms.”