Despite some positive inflation news to kick off the new year, inflation remains top of mind for business leaders. That was a key finding from FGS Global’s latest Business Policy Survey, our quarterly survey of key business stakeholders—business decisionmakers, investors and private sector employees—that measures and tracks attitudes toward major public policy issues.
Here’s what we found:
- Inflation remains the number one concern. Among the various priorities that business stakeholders want the federal government to focus on, inflation ranks first on the list for the fourth quarter in a row. The proportion of stakeholders selecting inflation as a priority has climbed steadily since Q1 2022. In addition, over half feel the Biden administration’s policies don’t go far enough in reducing inflation.
- The new Congress is expected to be good for business. Half or more of employees, business decision-makers and investors think the new Congress will be more favorable toward corporate America than the previous Congress. Stakeholders from both parties expect the new Congress to have a net positive impact on business-related policies.
- Cautious optimism for 2023. A plurality of stakeholders expect growth in the economy and financial markets for 2023, though they are less optimistic than they were for 2022.
Read the full report here.