The outlook on the U.S. economy declined further among CFOs, controllers and CPAs in executive and senior management accounting roles in the third quarter, according to a survey by the American Institute of CPAs.
The Institute’s CPA Outlook Index fell another 8 points to 58 in the third quarter from 66 points in the second quarter of the year. “Our CPA members in business and industry are now more pessimistic about the future direction of the U.S. economy than they’ve been since 2009,” said AICPA vice president for business, industry and government Carol Scott on Wednesday. She noted that the trend was reminiscent of indicators seen just before the country went into a recession.
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