The accounting profession's expectations for economic growth headed downward again, with drops in both their short-term and mid-term forecasts, according to the March edition of Accounting Today’s monthly Accountants Confidence Index.

The 3-Month and the 6-Month ACI had risen somewhat over the summer months before sinking sharply for September, with the short-term figure dipping below the 50 mark that is the dividing line between expectations of growth and expectations of contraction. Starting in October, however, both ACIs recovered, only to dip slightly in December and January, and show mixed results in February.

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