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CPA Business Execs Less Optimistic About the Economy
A recent survey conducted by the AICPA & CIMA Economic Outlook Survey has revealed a decline in optimism among CPA business decision makers regarding the U.S. economy. Factors contributing to this decline include concerns about inflation, interest rates, and election-year uncertainty. The survey, which included 315 qualified responses from AICPA members, showed that only 35% of CPA business executives felt optimistic about the economy's prospects over the next 12 months, down from 43% in the previous quarter. The survey also highlighted other key findings, such as profit expectations and revenue growth. Despite these concerns, the hiring outlook remains strong, with 54% of business executives indicating plans for expansion over the next 12 months. The survey was conducted from May 7 to 28, 2024.
