Blogs » Business Notebook » Economic growth for 2011? Not so fast.

Subscribe


Image

No one holds the crystal ball, and no one knows for certain what the future holds, but it appears the business community is scaling back its expectations for the 2011 economy.

A Wall Street Journal article released Monday shows that many businesses predict only a slight economic improvement for 2011, a downgrade from July's more enthusiastic expectations.

The findings stem from a National Association for Business Economics survey that, among other things, shows many companies scaled back hiring plans, but that many still saw increased sales throughout the year.

Other highlights from the study show the European debt crisis has had a negative impact on sales this side of the pond, and that about 30 percent of respondents expect the crisis will mean sales decreases through 2012's first quarter. It also indicated that profit margins and profitability were up for many survey respondents, however, which is a good thing.

How about you guys? What do you see coming down the economic road? Slow but steady growth? An all-out downturn? I'm curious.

Of course, with ongoing oil and gas activity, as well as the incoming Caterpillar plant and other growth, the Crossroads is in a slightly different place than many other regions.