Hartford Business Journal’s first issue of 2023 includes an economic forecast section containing outlooks for the year ahead from various economists and industry experts.
Here’s a look at what they had to say:
Survey: HBJ/New Haven Biz readers more pessimistic about 2023
Statewide Forecasts
Fred Carstensen: Is CT’s economy finally recovering? Possibly, but jury’s still out
Fred McKinney: U.S., CT economies should expect slow down, possible recession in 2023
Economist Scorecards
Farhad Rassekh: Budget stability breeds optimistic economic outlook for CT
Don Klepper-Smith: CT’s long-term growth will depend on improving business climate
Patrick J. Flaherty: Despite macroeconomic pressures, CT’s underlying economy is strong
Steven P. Lanza: Storm clouds hover over U.S., CT economies
Real Estate Outlook
Amid increasing vacancy rates, Hartford office market prepped for a reset
In 2023, employers will seek out amenity-laden office space
Economic turbulence expected to tighten multifamily housing market
Industrial real estate market remains hot, but threat of slow down looms
Banking and Finance Outlook
As banks battle for talent, interest rates will weigh heavily on commercial loan demand in 2023
Health Care Outlook
Hospitals, other providers face financial headwinds, pressure to rein in healthcare costs
Manufacturing Outlook
Labor shortage, inflation will weigh heavily on CT manufacturers in 2023
Higher Education Outlook
Colleges focus on new business partnerships, degree programs to address workforce shortages
Human Resources Outlook
Tips for retaining workers in a still-tight labor market
Cannabis Outlook
CT cannabis industry to reach full steam by end of 2023
Law Outlook
Here’s how to better manage your employees’ performance in 2023
Accounting Outlook
2023 economic forecast: Ignore the headlines
Despite headlines, crypto will gain traction in the mainstream business community in 2023
