BOSS Survey - December 2011
Survey Analyzes Hawaii’s Economic Doldrums
(page 2 of 3)
COMPANIES MAINTAIN WORKFORCE
Has your company’s workforce grown, shrunk or stayed the same in the past 12 months?
HOW MANY COMPANIES IN EACH SIZE CATEGORY INCREASED STAFF?
DECLINE IN CASH RESERVES
Sixty percent of the companies say they have cash reserves. However, of those companies
NEXT YEAR FOR HAWAII’S ECONOMY
400 local business leaders forecast where we’re headed
Will Hawaii’s economy improve, decline or stay the same in the next year?
SPENDING PLANS IN THE COMING YEAR
substantial increase in spending on capital or other items
More cost cutting
No substantial cost cutting and no substantial spending increases
OPTIMISTS VS. PESSIMISTS
In the coming year, Hawaii’s economy will:
Those who said the local economy would worsen over the coming year were then asked: When will it improve?
2013 - 4% the economy will improve in the following year
2014 - 50% it will not improve for at least two more years
2017, 2018, ? - 44% it will not improve for the next five years
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