Crowe Survey Reveals Optimism Among Some Business Leaders Despite Rising COVID Cases

Businesses are generally bullish on finishing 2020 on a strong note in spite of the recent surge in COVID-19 cases, according to a new survey recently…

| December 18, 2020

Businesses are generally bullish on finishing 2020 on a strong note in spite of the recent surge in COVID-19 cases, according to a new survey recently conducted by Crowe.

The public accounting, consulting, and technology firm polled 256 C-suite executives across industries in September and October. Crowe Business Challenges Survey: Part III was the third and most recent in a series of pulse surveys Crowe has been conducting since the early pandemic days.

Among the study's findings was that 42 percent of respondents expressed optimism about the economy, compared to just 30 percent in the survey conducted over the summer. At the same time, 71 percent said they were at least somewhat optimistic about the state of their companies, a slight increase over the 65 percent of respondents who said the same during the summer. Hopes for revenue also seem to be climbing. Although 54 percent saying they expect at least a moderate decline in year-over-year revenue, that's down from 70 percent in the previous set of responses.

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