A recent survey by Seattle-based IPA 100 firm Moss Adams (FY23 net revenue $1.26 billion) says that that middle market companies are confident in their ability to navigate inflation and a potential recession.
The survey, conducted by Talker Research, shows that while most U.S. CEOs and owners of mid-market companies are preparing for a potential economic decline – 64%believe a recession is imminent and 88% are concerned with inflation – 97% are confident in their ability to navigate inflation and a recession.
“Often when facing economic uncertainty, we see businesses go into contraction and protection mode,” Rebecca Pomering, CPO and partner at Moss Adams, said. “What we’re seeing, which the results of the study affirm, are businesses striving to be proactive, looking to invest in opportunities, talent and efficiency gains while also evaluating operations.”
“It’s not just about cutting costs,” Pomering said. “Businesses are assessing all options from tax incentives to technology investments to employee training. Advisors, like those at Moss Adams, are well positioned to aid not just in navigating a complicated tax environment but also in identifying efficiency gains and business opportunities.”
Read the full report for a detailed breakdown of the results.
