HARTFORD, Conn. (WTIC) - Despite the volatility on Wall Street, financial experts at today's Connecticut Business and Industry Association Economic Summit had a positive outlook for the state for 2019.
CBIA economic adviser Peter Gioia predicts Connecticut will add more than 20,000 jobs in the coming year. He predicts categories such as manufacturing, construction, and financial services, all well-paying jobs, are likely to receive an uptick.
Gioia did caution that in order for 2019 to be a growth year for Connecticut, business must be supported. "If we support business, we support growth, that will help jobs, that will help people's wages, that will help families in Connecticut," he said. "If we don't, then we're going to chase young people out of the state, we're going to tell businesses to look elsewhere."
According to Gioia, the fundamentals of Connecticut's economy are still strong, but other economists say there is an increased risk of a national slowdown at the end of the year, or in 2020.