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Mid-Market Executives: Uncertainty Limiting Growth Prospects

Mid-Market Executives: Uncertainty Limiting Growth Prospects

Though the U.S. economy is improving, a recent survey of mid-market executives found 86 percent believe overall uncertainty is holding back their expectations for growth.

The survey from Deloitte, titled "Mid-Market Perspectives: 2012 Report on America's Economic Engine," included responses from 528 U.S. executives. Tom McGee, national managing partner for Deloitte Growth Enterprise Services, noted that the slowing recovery is leading to uncertainty among companies.

"Because of the significantly slower growth than we've seen in previous recoveries, mid-market executives are increasingly cautious about their expectations for 2012," McGee said in a release. "Mid-market companies are now trying to meet the challenges of this volatile economy by taking a more adaptable approach to managing certain key business fundamentals."

In a shift from other recent surveys, executives said they were tempering their hiring plans, as only 42 percent planned to add to their domestic workforce this year, compared to 48 percent from the survey last year.

A previous survey of mid-market CFOs conducted by GE Capital found these individuals are becoming increasingly positive about the status of their businesses.