David Kirkpatrick

May 13, 2010

CPAs see economic sunshine

For the first time in a couple of years.

From the link:

For the first time in more than two years, CPA financial executives were more optimistic than pessimistic about the outlook for the U.S. economy, according to a quarterly survey conducted by the AICPA and the University of North Carolina’s Kenan-Flagler Business School, but more than half don’t expect full economic recovery until 2012 or later, and 42% are now concerned about inflation.

Results from the AICPA/UNC Kenan-Flagler Business & Industry Economic Outlook Survey Q2 2010 found that 40% of respondents were optimistic or very optimistic about the outlook for the U.S. economy for the next 12 months. This is up from 25% who showed optimism during the first quarter of 2010, and a significant increase from record-low levels of 5% optimism in the first quarter of 2009. This quarter, 25% were very pessimistic or pessimistic, down from 38% last quarter, and the remainder were neutral.

The survey, conducted between April 13 and May 2, includes responses from 1,768 CPA executives in business and industry.

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