Nearly Half of US Business Leaders Expect an Economic Recovery Between 2021-2022

As layoffs pile up and many industries like retail and travel continue to struggle amid lower consumer spending, confidence in a near-term economic recovery is low.

In June 2020 polling from Pearson Partners International, nearly half of US business leaders said they believe a full economic recovery to pre-coronavirus levels won’t happen until 2021 or 2022, while just over a third said we’re in for a longer road ahead, setting their sights between 2023 and 2025.

Just 13% of US business leaders said they expect the economy to recover to pre-coronavirus levels this year.

Read More:

• How COVID-19 Will Affect the US Travel Industry in H2 and Beyond
• COVID-19's Impact on Worldwide Retail Will Be Worse than the Great Recession
• Podcast: What to Expect in H2 2020

eMarketer and Business Insider Intelligence have joined forces to become the leading research company focused on digital transformation. For more insights and key statistics on the biggest trends in today's most disruptive industries, subscribe to Chart of the Day.