High-net worth investors in Connecticut, New Jersey, and New York City are less optimistic than their peers about a local economic recovery than they are on a national one, according to a national survey by Morgan Stanley released Tuesday.
In the breakdown of investors in the three states, 77 percent believe the U.S. economy will be better or the same 12 months from now. That is more optimistic than the national average of 71 percent.
However, 78 percent of Connecticut, New Jersey, and New York believe the local economy will improve in the next year, compared to the 87 percent national average of investors who believe their own local economy will improve.
The local investors most bullish on their local economy were in Houston, followed by San Francisco, Denver, Atlanta, Boston, Los Angeles, and Chicago with Connecticut-New Jersey-New York coming in last.
