Recent survey by The Boston Club presented a view that the native businesswomen are pessimistic about the business climate in Massachusetts.
Sixty-seven percent of the survey respondents said that they are not optimistic about the business prospects for the Commonwealth in 2007.
The reasons given by them for such a change were Iraq war, the escalating prices of oil, competition from China and the value of the American dollar against other currencies as having a negative effect on the region’s economy. The soft housing market and the loss of jobs due to corporate consolidation were also mentioned.
However, some members were quite optimistic as Rachel Hayes, a legal marketing consultant, said,
‘Though global issues continue to nag, the short-term looks pretty good. Massachusetts is still well positioned for solid economic performance though the long-term population shifts in the country and the departure of major corporate headquarters will ultimately take a toll.’
Figuratively:
1. 88% of the respondents expect their income to increase or stay the same in 2007
2. Nearly 60% plan to stay in the same job
3. 92 % would make charitable donations at the same or higher levels
4. 85% would take the same or more vacation time as in 2006
5. 4% would plan to retire in the year
