Thursday, March 01, 2018

The World Evolves Unevenly

According to a January survey by JPMorgan Chase’s commercial unit, some 62 percent of small companies, those with yearly revenue of $100,000 to $20 million, expect sales to increase this year. More than 80 percent of mid-size businesses, with up to $500 million a year, expect increased sales.

Still, some people think that small businesses are the last to really notice a change in the economy.

“The world evolves unevenly,” Jim Glassman, head economist for Chase Commercial Bank, told the Washington Examiner. “When the economy starts to get back on its feet, it’s always the big guys that are the first to see it. Smaller businesses hear about things happening but don’t really see it.”

Read more about the global economic outlook for 2018 and how it might impact smaller companies.

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