Senior finance executives are taking an increasingly dim view of the global economy amid growing concern about regional conditions, according to a new survey by the American Institute of CPAs and the Chartered Institute of Management Accountants.
In a survey of 1,179 CEOs, CFOs, controllers and other senior-level Chartered Global Management Accountants in 62 countries, only 7 percent had an optimistic outlook for the global economy over the next 12 months. The negative sentiment is taking a toll at home, with domestic conditions now topping the list of executive concerns. A measure of optimism about one’s own country registered the sharpest decline in the core CGMA Economic Index—a composite of 10 equally-weighted factors on a 100-point scale—by falling 4 points. The United States led that fall with only 22 percent expressing optimism, down from 36 percent last quarter.
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