Hartford Business Journal Special Editions

NBT2024Survey

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ECONOMIC OUTLOOK SURVEY | JANUARY 8, 2024 3 SURVEY ECONOMIC OUTLOOK ECONOMIC OUTLOOK THE 9TH ANNUAL Survey: HBJ readers more optimistic about 2024 W ill the Fed lower interest rates in 2024? Is there still a threat of reces- sion? Will the labor shortage ease? Those are some of the major economic ques- tions as we start the new year. Hartford Business Journal readers are more optimistic about 2024 than they were a year ago. In fact, 43.6% of HBJ readers say Connecti- cut's economy will improve significantly or slightly this year. A year ago, 36.45% of readers predicted the economy would improve in 2023. Meanwhile, 28.4% of readers expect the state's economy to decline in 2024, while 28% expect no growth. Those were some of the findings from Hart- ford Business Journal's 2024 reader economic outlook survey, the results of which are featured in this special pullout section. The survey, sponsored by NBT Bank, was emailed to more than 12,000 HBJ Today subscribers. The unscientific results were gath- ered over a three-week period in November and early December, garnering nearly 300 responses. Of those surveyed, 80% said they work at privately-held companies and 57.8% said their business has fewer than 50 employees. The results provide a window into how the state's economy may perform in 2024. We hope you find the survey results informa- tive, and we wish you good luck and health in the year ahead. Greg Bordonaro Editor Hartford Business Journal Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Subscriptions Annual subscriptions are $132.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance Hanna Snyder Gambini | Staff Writer hgambini@hartfordbusiness.com Beats: Economic Development, Arts, Culture & Tourism Skyler Frazer | Staff Writer, ext. 145 sfrazer@hartfordbusiness.com Beats: Manufacturing, Cannabis, Technology, Transportation Stephanie R. Meagher | Lead Researcher Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | General Manager, ext. 137 jquinn@hartfordbusiness.com David Hartley | Senior Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Daniel Schilke | Senior Accounts Manager, ext. 135, dschilke@HartfordBusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Jaime O'Connor | Senior Accounts Manager, ext. 136, joconnor@hartfordbusiness.com Donna Hogan | Senior Accounts Manager, ext. 101, dhogan@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points.

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