The Crowe business challenges survey reports executives’ top concerns ahead of the U.S. presidential election.
As the U.S. presidential election nears, 44% of business executives expressed unease about the potential impact of the result on their organization, according to new data from the Crowe Business Challenges Survey. While complete survey findings will be published in Part III of the report (released in early December 2020), surveys of executives from late June through early October show a significant increase in apprehension surrounding the election and the economic recession.
From late June to early October, executives reported having three major worries: 58% of business executives report COVID-19 as a major concern, while 52% cited the economic recession, and 44% cited the U.S. presidential election. However, by early October, executives started expressing more unease about the economic recession than COVID-19. The survey measures five overarching issues: the COVID-19 pandemic, economic recession, the U.S. presidential election, civil unrest, and climate change/sustainability.
Unease about the U.S. presidential election continues to grow – 37% of executives noted high concern during phase 4 of the survey (concluding in mid-July), a number that jumped to 52% by phase 8 (concluding in early October).