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Bank of America survey: 76% of small businesses feel well-equipped to survive a recession



The majority of U.S. small business owners are concerned about the impact of a potential recession. However, 76% are confident their business could withstand the downturn, according to the Bank of America 2023 Small Business Owner Report. The survey of more than 1,000 business owners across the country found that, despite the continued impact of inflation and supply chain issues, 65% of business owners anticipate revenue growth in the next 12 months.

Source: Bank of America





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