Worcester Business Journal

June 16, 2025-Midyear Economic Forecast

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wbjournal.com | June 16, 2025 | Worcester Business Journal 13 MIDYEAR ECONOMIC FORECAST F O C U S Has the estimate of your company's performance for 2025 changed? Projecting the next six months, do you think you'll have more or fewer employees at the end of 2025 than you had at the start of the year? For any job openings you have, is it easier or harder to find qualified candidates since the start of the year? What impact have the changes to national tariff policies had on your business? Compared to your expectations at the start of the year, how do you think the Central Massachusetts economy performed in the first five months of 2025? More employees Fewer employees Do you anticipate having to make any significant expense cuts in the second half of 2025? Much better 1% 22% Better 43% What I expected 30% 4% Worse Much worse The same 23% 45% 31% Easier Harder 13% 29% 40% 18% The same We haven't had any openings. 1% 27% 50% 22% A net positive effect No effect A negative effect It remains to be seen We're are on trend to perform ahead of expectations. We're performing according to plan. 15% 41% 44% We're running below our expectations. Yes 44% No 56%

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