You expect more nonessential roles and slower hiring in a slower growing economy, especially if companies only hire for full-time roles.

For example, your company might need a full-time network admin once its network grows to a certain size and complexity. You won’t hit that level for three years but you’d hire the perfect person now if you found them even though they might be spending a lot of idle time scrolling Hacker News for the first year or two. At 5x the growth rate, you’d need that person within less than a year, and you might be less picky about whether they are coming from a TV or telecom shop.