Dec 7, 2023
In the fourth-quarter results of the Business and Industry Economic Outlook Survey, CPA decision-makers remain pessimistic about both the global and U.S. economy, but less so about their own organizations.
They also are showing a hesitance to hire, facing an array of challenges, as explained in this episode of the JofA podcast. Guest Ken Witt, CPA, CGMA, AICPA & CIMA associate director — Management, Accounting Research and Development, analyzes the results of the quarterly survey.
What you’ll learn from this episode:
- How sentiment has changed regarding recession likelihood in the past few quarters.
- Projections for the next 12 months for revenue and profit.
- A recap of how the top challenges have shuffled lately, including regulatory concerns falling far down the list.
- The trends in hiring and why some workers may be more likely to stay put than look for another job.
- The specific part of decision-maker sentiment that Witt is waiting for in 2024.