Top three takeaways: Hiring outlook for next 12 months is bleak. 92 percent of businesses report being negatively impacted by pandemic. Liquidity emerges as a top concern.
Battered by repercussions from the COVID-19 pandemic, business executives hold the most pessimistic view of the U.S. economy since the end of 2011, when the nation was still emerging from the lingering impact of the Great Recession, according to the second-quarter AICPA Economic Outlook Survey.
The CPA Outlook Index—a comprehensive gauge of executive sentiment within the AICPA survey— fell 50 percent since last quarter and now stands at 38, its lowest level since early 2009.