HBJ 2024 ECONOMIC OUTLOOK SURVEY
YOUR OFFICE SPACE
CHANGE IN 2024?
ARE YOU REQUIRING EMPLOYEES TO
COME BACK TO THE OFFICE IN 2024?
YES,
FULL TIME
YES,
PART TIME/
HYBRID
NO,
NOT AT ALL
SPACE
INCREASE
WE ARE ABANDONING
OFFICE SPACE
COMPLETELY AND
MOVING TO REMOTE
WORK ONLY
NO CHANGE
71%
2.6%
50%
40%
30%
20%
10%
0%
43.5%
37.7%
18.9%
60%
50%
40%
30%
20%
10%
0%
WHAT IS YOUR ESTIMATE FOR YOUR COMPANY'S
REVENUE PERFORMANCE IN 2024 COMPARED TO 2023?
DECREASE
MORE
THAN 20%
DECREASE
11 TO 20%
DECREASE
1 TO 10%
NO
GROWTH
INCREASE
1 TO 10%
INCREASE
11 TO 20%
INCREASE
MORE
THAN 20%
1.1%
3.7%
13%
12.3%
53.2%
13%
3.7%
TAXES INFLATION ENERGY
COSTS
REGULATORY
PROCESS
HEALTH-
CARE
COSTS
WORK-
FORCE
SHORTAGE
WHAT'S THE BIGGEST IMPEDIMENT TO
BUSINESS GROWTH IN CONNECTICUT?
25.1%
17.7%
7.5%
12.2%
10.2%
27.5%
30%
25%
20%
15%
10%
5%
0
60%
50%
40%
30%
20%
10%
0%
HOW WILL YOUR FIRM'S HEALTHCARE COSTS
FARE IN 2024?
DECREASE
MORE
THAN 20%
DECREASE
11 TO 20%
DECREASE
1 TO 10%
NO
CHANGE
INCREASE
1 TO 10%
INCREASE
11 TO 20%
INCREASE
MORE
THAN 20%
.4% .4%
3.7%
17%
51.9%
25.2%
4.8%
ECONOMIC OUTLOOK SURVEY | JANUARY 8, 2024 9
