CPA leaders' optimism about the U.S. economy and their organizations has trended downward in a quarterly survey since hitting peaks in the second quarter of 2021.
The Business and Industry Economic Outlook Survey, released Thursday, Sept. 5, by AICPA & CIMA, found that the potential for recession, geopolitical concerns and uncertainty related to the November presidential election contributed to a drop in optimism.
Optimism about the country's economy dropped nine points to 26% since last quarter, an overall 17-point drop since the beginning of the year and down 44 points from three years ago.
The quarterly survey polled 310 CPA decision-makers in business and industry — CFOs, CEOs, controllers and other finance decision-makers — on various economic topics in August. See more findings.