Michigan Business Network

Michigan Business Beat | PNC National Economic Outlook - Spring 2021

March 5, 2021

Jeffrey Mosher catches up with Kurt Rankin, Economist, and Vice President with PNC Financial Services, Pittsburgh, PA. They discuss the results of PNC’s MI Fall Economic Outlook Survey of Small- & Mid-Size Business Owners. Here are a few of the key findings: Three-quarters of business owners plan to encourage or require employees to vaccinate One-in-four small businesses don’t believe they can stay afloat for another year under current economic conditions Nearly all businesses made adaptations during the pandemic; most expect them to become permanent While most layoffs not permanent, hiring expectations at lowest level in survey’s history

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