Small business sales expectations plummet to a 46-year low — but owners are already banking on an economic rebound
"The impact from this pandemic, including government stay-at-home orders and mandated non-essential business closures, has had a devastating impact on the small business economy," said William Dunkelberg, NFIB's chief economist,
"Owners' optimism about future conditions indicates they expect the recession to be short-lived," the NFIB said. A net 29% of small-business owners surveyed indicated they think the economy will be better in six months, the most since October 2018.
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