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Cautious Optimism for the Economy

BY Adam Schlagman
May 27, 2010

There is no question that the economy has been rebounding in fits and starts over the past 12 months or so. The real issue, however, is whether some of the encouraging numbers and statistics supporting the general optimism that better times are just around the corner are also gaining real traction in the business community. Is that the light at the end of the tunnel or just the guide beacon at the halfway mark? At this point no one can truly claim to know, but for good or bad, expectations often fuel reality. With that in mind, a recent Deloitte survey showing that many business professionals fear a second dip in the economy may prove illustrative.

During a March 2010 Deloitte Webcast, titled “Recession and Recovery: Great Challenges, Greater Opportunity,” more than 1,280 business professionals from the banking and securities, consumer and industrial products, consumer business, energy and resources, financial services, health care providers, health sciences and government, insurance, investment management, life sciences and health care, manufacturing, retail, wholesale, and distribution, technology, media and telecommunications industries responded to online polling questions on economic expectations.

The results of this survey revealed that a vast majority of business professionals (84%) are concerned that there may be a “double dip” in the economy. More than one-quarter (27%) of those polled are very concerned that there may be a “double dip” and more than half (58%) are somewhat concerned.

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