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CPA Financial Executives Foresee Continuing Decline in the U.S. Economy; Outlook Dims for Finance, Real Estate, Retail Businesses.

AScribe Business & Economics News Service, February, 2008

Byline: UNC-Chapel Hill's Kenan-Flagler Business School

NEW YORK, Feb. 20 (AScribe Newswire) -- Expectations for the U.S. economy turned sharply negative among senior-level executive CPAs as the outlook for finance, real estate and retail trade declined in the first quarter, according to the latest Business and Industry Economic Outlook Survey of the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School.

For the first time since the AICPA survey began in December 2005, pessimists outnumbered optimists and did so ...

 

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