Most US Small Businesses Worry Recession Is Coming: Goldman Survey

Most US Small Businesses Worry Recession Is Coming: Goldman Survey
U.S. dollar banknotes are displayed in this illustration taken on Feb 14, 2022. Dado Ruvic/Reuters
Reuters
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WASHINGTON—Some 93 percent of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed in the wrong direction.

In the same survey a year ago, businesses were more optimistic and 67 percent said the United States was headed in the right direction. That has reversed in the latest version, 61 percent of responding firms said the United States was on the wrong track.