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Survey Shows NY Deal Pros Pessimistic

Senior middle-market advisers weigh in on how the economy will turn out in 2013

Based on the replies of some 157 dealmakers, 2013 may be shaping up to be just as lackluster as 2012.

According to a February survey issued by ACG New York, senior middle-market advisers throughout the Big Apple are still torn over what to expect out of the economy.

About 46 percent of those polled say that the U.S. economy, at the end of 2013, will be about the same compared with the end of 2012. However, an almost equal number, 43 percent, believes it will be better or much better. Those who think it will be worse hover at about 11 percent.

A majority of the respondents, 58 percent, say it is unlikely that the U.S. economy will enter a recession in 2013. However, 42 percent remain pessimistic, saying that a recession will definitely, or likely, take place.

A clear majority, 67 percent, are banking on Congress and the Obama Administration increasing the tax rate on carried interest, the payment received by private equity firms for managing money invested for third parties. Some 33 percent of respondents do not expect a tax rate increase.


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