Expectations fall to their lowest level since 2016.
By CPA Trendlines Research
Citing U.S. political leadership, trade concerns and fears of a sustained global slowdown, CPAs in private practice have crossed from a generally positive view of the economy to decisively negative, their dimmest view of the business situation in three years. And they expect things to get worse.
Only 42 percent of survey takers express optimism about the U.S. economy’s outlook over the next 12 months, down from 57 percent, the level it held for the past three quarters.
Positive sentiment on the U.S. economy had been as high as 79 percent in early 2018 and had not fallen below 50 percent since the third quarter of 2016, when it stood at 38 percent, according to the AICPA survey
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