Discussion Paper

Fifth District Firms Report Cautious Optimism Going Into 2023


Abstract: The COVID-19 pandemic and its aftermath have required constant shifts in how businesses operate. Not surprisingly, uncertainty has been a theme among many firms in the Federal Reserve Bank of Richmond's business outreach in the last few years. To better understand what firms are expecting for 2023, we asked them for their outlook and the strategies they might take to prepare for possible economic scenarios.

Keywords: business sentiment; 5th district;

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Provider: Federal Reserve Bank of Richmond

Part of Series: Regional Matters

Publication Date: 2023-03-09