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ROCHESTER, NY (WXXI) – Many CEO’s in Upstate New York say that economic conditions have worsened during the pandemic, and a number of them are still pessimistic for the rest of this year.
That’s according to a recent survey by Siena College which surveyed more than a thousand business leaders from across the upstate area from January through March.
Don Levy is director of the Siena College Research Institute. He said this survey shows that 80% of CEOs say that economic conditions worsened since the beginning of the pandemic, and 43% of them believe conditions will get worse this year, while 17% say conditions will remain about the same.
Many CEO’s in Upstate New York say that economic conditions have worsened during the pandemic, and a number of them are still pessimistic for the rest of this year.
That’s according to a recent survey by Siena College which surveyed more than 1,000 business leaders from across the upstate area from January through March.
Credit Siena College
Don Levy is director of the Siena College Research Institute. He said this survey shows that 80% of CEOs say that economic conditions worsened since the beginning of the pandemic, 43% of them believe conditions will get worse this year, while 17% say conditions will remain about the same.
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FILE - In this March 18, 2020 file photo, visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns in New York. A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus. The surge in weekly applications for benefits far exceeded the previous record set in 1982. (AP Photo/John Minchillo, File)(AP Photo/John Minchillo, File)
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