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Old 12-06-2024, 08:12 AM
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Another set of opinions.................
The fourth-quarter AICPA & CIMA Economic Outlook Survey reveals that business leaders have shown an increase in optimism regarding the US economy following the recent presidential election.

The survey, which targeted CEOs, CFOs, controllers, and other senior accounting roles, revealed a shift in sentiment.

Two-thirds of business executives expressed optimism about the economy's prospects over the next year, marking a 41% point increase from the previous quarter.

This is claimed to the highest level of optimism recorded since early 2020, when it was at 74% before declining due to pandemic-related disruptions.

The outlook on the global economy also improved, with optimism rising from 19% to 41% quarter over quarter.

Inflation has emerged as the top concern for businesses, while domestic political leadership, previously a significant worry, has fallen out of the top ten concerns.

Revenue growth expectations have more than doubled to 3.3%, while profit projections increased to 2.2% from 0.2% last quarter.

Optimism about individual organisations also rose, with 53% of executives expressing a positive outlook, up from 41%.

Additionally, 57% of respondents anticipate business expansion in the next year, compared to 44% previously.

The percentage of executives reporting insufficient staffing increased from 29% to 38%, with one in five ready to hire immediately.


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