Pessimism about the U.S. economy among CFOs and senior-level executive CPAs hit an all-time high this quarter, according to a new survey, with most of them not expecting a turnaround for at least another year.
The quarterly survey, conducted by the American Institute of CPAs and the University of North Carolina's Kenan-Flagler Business School, found that only 9 percent of the CFOs and senior CPA executives expect the economy to improve before the second half of 2009. Forty-two percent expect the economy to improve in the second half of next year, but 49 percent see no improvement at all until 2010 or later.
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