Department of Duh: NJ Biz Confidence Down After Hurricane Sandy
When politicians propose tax hikes, we hear a lot about business leaders growing “uncertain” or “unconfident” about what might happen to the economy if they were to pass. I suspect a lot of that is posturing. When it comes to New Jersey’s business climate, so to speak, they aren’t just blowing wind: Sandy’s toll continues to mount.
Nearly a quarter of executives who responded to a poll conducted in December said they expect the state economy to be moderately worse or worse over the next 12 months. That compares to a May survey in which 6 percent of the respondents expected the economy to wane.
