The top response was “moderate growth” with 59% of the votes followed by “steady, but unchanged” in second with 25%, and a “decrease in business” in third with 9%. Only 7% of respondents said they expect to see “exponential growth” for their business in the coming year.
Although the generally optimistic trend has continued over the past several years we’ve asked this question, an interesting shift in the distribution of the results for 2019 indicate some may see signs of a slowdown in the future.
Compared to 2018 and 2017, the number of respondents who predict “exponential growth” in 2019 has decreased by 69% and 66%, respectively. And, the number of respondents who predict a “decrease in business” increased to 9% for 2019 from 2% in 2018.
Additionally, according to the results of Express Employment Professionals’ first quarter 2019 Job Insights survey, businesses do not expect a recession in the immediate future, but nearly half (46%) said they foresee their country (U.S. or Canada) entering into another recession within two years.
Of course, these are simply predictions, and the shift in the numbers for 2019 can hardly be considered dire, but it will be interesting to see how the year unfolds.
What are your predictions for your business or the economy for 2019? What are your predictions beyond 2019? Will we enter into another recession? Or will the positive trend continue into the foreseeable future? Let us know in the comments section below!