Thursday, February 19, 2009

Survey: No Economic Recovery Before 2010

As if we needed more bad news...

Chief financial officers and senior-level executive Certified Public Accountants believe that the U.S. economic downturn will last longer than previously expected according to a new survey conducted by the American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School.

So why exactly did President Barack Obama and Congressional Democrats agreed to raise the national debt by another trillion dollars?

Arleen Thomas, AICPA's senior vice president for member competency and development, said the survey indicates any economic recovery will begin six months later than previously expected.

"As the recession has deepened and pessimism solidified, a majority of CPAs working in business and industry now don't expect an economic recovery before 2010," Thomas said.

If you want to get more depressed, read more about the survey at the link below:

Outlook Dims for U.S. Economic Recovery Before 2010, CFOs and CPA Executives Say

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