Home Is Where the Hope Is for Midsize Companies

A Jamba Juice store in Emeryville, Calif. Photograph by David Paul Morris/Bloomberg

Given economists’ expectations that the U.S. economy accelerated during the first three months of the year, it’s not surprising that executives at medium-size companies are growing more confident about future growth, as reported by a survey published on Wednesday by the National Center for the Middle Market. What’s more interesting is how much more confident they are about local economies vs. larger economies: Some 74 percent of executives surveyed were somewhat confident or confident about their local economies, while only 58 percent said the same for the national economy—and 40 percent were positive on the world economy.

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