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Accountants predict bad things for 2012

Published by Steve Coleman on January 23, 2012

A new survey of financial professionals across the planet predicts the global economy is headed for a new slide in 2012.

The report was a joint effort between the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA(R)). Pollsters included 3,775 professional accountants, including 1,414 senior executives in the results.

Most US professionals polled said they thought the economy would either stagnate or decline over the next year. However, their outlook was rosy, compared to other parts of the world.

At the regional level, Central and Eastern Europe were the least optimistic, anywhere, while the Asia-Pacific region is losing confidence faster than Western Europe. Africa, the Middle East, and South Asia were still the most optimistic, both in terms of business confidence and how they felt about the global economy.

For a more in-depth look at the situation, visit the following link.

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