"The constant barrage of negative campaigning and near-complete failure of Washington to govern is having a broad, negative effect on America's small businesses," according to National Small Business Association President and CEO Todd McCracken. NSBA today released its mid-year economic report, which reveals that, since the organization's December 2011 year-end report, the number of small-business owners who anticipate a recessionary economy has jumped from 14 percent to 34 percent and the number who anticipate economic expansion in the coming 12 months has dropped from 20 percent to 11 percent.
Still, more than half of respondents (55 percent) expect a flat economy in the coming year and the same ratio says their businesses are already growing or will see growth opportunities in the coming year.
Economic uncertainty was cited by 68 percent of small business owners surveyed as the most significant challenge to the future growth and survival of their business. Other significantRead More »from Economic uncertainty plagues small businesses, survey shows