Nearly three quarters of Wisconsin bank CEOs included in a recent survey expect the state’s economy to weaken in the next six months.
The Wisconsin Bankers Association’s biannual Economic Conditions Survey found 72 percent of responding bank executives have a negative outlook on the state’s economy for the first half of 2023, while 28 percent expect no change. None of the respondents expect the state economy to improve over the next six months.
And while 75 percent of these CEOs say Wisconsin’s economy is currently good or excellent, 87 percent expect a recession is likely or very likely to occur in the next six months.
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