As inflation falls, majority of small business owners feel ‘highly optimistic’ about the national economy

(Globe Newswire) – WASHINGTON – Recent reports show a surge in confidence among small business owners and consumers as inflation falls, recession fears subside and consumer spending rises. The growth in optimism coincides with an unprecedented Small Business Boom, which has seen more than 16.5 million new small business applications filed since President Biden took office – a record level. Thanks in part to this historic surge, economic optimism among small businesses has hit a 22-year high, with a majority of business owners saying they are “highly optimistic” about the national economy. Leading the way are Black small business owners, according to a Birmingham Times report, Why Black Small Business Owners Are Optimistic, Ready For Growth in 2024. Related Stories “Optimism this year starts at home, with Black small business owners – at 77% – more positive about the outlook for their own businesses, compared to all small business owners surveyed – at 69%. Those high hopes are figuring into their 2024 projections – 80% of Black small business owners expect substantial increases in revenue and sales compared to 69% of small business owners overall,” according to the report. “In addition to expressing confidence in their own businesses, more than...