Business confidence in economy soars while concerns over skills gap grow

U.S. business leaders are increasingly confident in the global economy but fear the toll a widening skills gap could have on their firms, according to a survey released Wednesday.

Executives polled in JPMorgan Chase’s annual business outlook survey conducted Jan. 2-19 expressed growing faith in strong 2018 economic growth, but voiced concerns about the long-term prospects of hiring.

The online survey of 1,685 executives from midsize businesses – defined by the bank as having $20 to $500 million in yearly revenue – showed more than two-thirds (69 percent) expressing confidence in the global economy, a 39-point increase since 2017.

Click here to read Sylvan Lane’s complete article published on The Hill website. 

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