6 Worcester Business Journal | December 25, 2023 | wbjournal.com
ECONOMIC FORECAST 2024
WBJ reader survey
0
10%
20%
30%
40%
50%
60%
70%
80%
2023 2022 2021 2020
Increase
Remain flat Decrease
New federal and state
government incentives
allow for businesses to
improve their clean
energy footprint with
significant subsidies
for installing solar
panels, heat pumps,
etc. Does your company
plan to convert to cleaner
energy uses in 2024?
Are you considering
purchasing an
electric vehicle
for either
business or
personal use
in 2024?
Do you plan to hire additional
staff next year?
How concerned are you that you'll be able to find people with the right skills
for when you hire for any job openings?
What do you expect housing prices to do next year? Do you anticipate
having to make any
significant cuts in
expenses (such
as layoffs,
reducing your
footprint, not
pursuing new
projects) as
a result of a
slowdown in your
business in 2024?
Yes
61%
No
39%
Yes
62%
No
38%
0
10%
20%
30%
40%
50%
60%
70%
80%
'23 '21 '22 '20 '19 '17 '18 '16 '15 '13 '14 '12
0
10%
20%
30%
40%
50%
60%
70%
80%
2023 2022 2021 2020 2019 2018 2017 2016
Very concerned
Mildly concerned Not at all concerned
Yes
39%
No
61%
