Surpluses and profits foster optimism among business leaders in the fight against terrorism

Connecticut businesses took a more positive outlook this year and felt cautiously optimistic about the economy, thanks in part to successful efforts by state leaders to curb spending, pay down long-term debt and build the state’s rainy day fund, according to a survey of more than 3,000 CEO on Thursday.

In an annual survey of its members, the Connecticut Association of Business and Industry found that three-quarters of companies saw their most profitable year in 2022, and two-thirds expect profits to grow this year. The CBIA also heard optimism among its members about the state’s fiscal direction — a sharp contrast to the decade following the Great Recession, when the state’s finances were far more precarious.

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