This represents a significant change in outlook since the same survey was last taken only six months ago, when 36 percent felt the economy would worsen and 64 percent believed it would improve or remain the same.

Despite an overwhelming consensus about the weakening economy, only 15 percent of those surveyed believe that their own financial prospects will worsen (up from 12 percent six months earlier), while 42 percent expect financial improvements over the next six months (up from 41 percent).

At the same time, 37 percent predict an increase in the pricing of their goods, driven primarily by the increasing costs of employee benefits.

Over the next six months, 33 percent said they expect to increase headcount, while 49 percent said it will remain the same and 16 percent said it will decrease.