AICPA Study Reveals Pessimism About The Economy

AICPA reports that CFOs and senior-level CPAs surveyed remain negative about the economy.

For a third consecutive quarter, CPAs continue to foresee slowing economic growth ahead. They also report increased pressure on profits from rising costs without the ability to raise prices.

In addition, 62 percent of CPA respondents said they were pessimistic or very pessimistic about the economic outlook over the next 12 months.

http://www.aicpa.org/download/news/2008/AICPA_UNC_3rd_Q_RELEASE_Final.pdf