Thirty-four percent of business executives expressed optimism in the U.S. economy’s outlook over the next 12 months, according to a survey conducted in August of 275 certified public accountants and Chartered Global Management Accountant (CIMA) designation holders in leadership positions on behalf of the Association of International Certified Professional Accountants (AICPA).
During the fourth quarter of 2024, 67 percent of executives were optimistic. During the first quarter of 2025, it was 27 percent, and a year ago it was 26 percent. Executives expressed concern over inflation, tariff schedules, rising prices, operating costs and supply chain options with 54 percent expecting a recession either this year or next.
“Survey participants noted some positives, such as pro-business provisions in the recently enacted H.R. 1 and more favorable regulatory policies under the current administration,” Tom Hood, Association of International Certified Professional Accountants executive vice president of business engagement and growth, said. “But volatility in trade policy continues to pose planning challenges. With tariff effects still playing out, the next quarter could prove pivotal in shaping economic sentiment.”
Projected revenue growth for the next 12 months is expected to be 1.5 percent while profit expectations are expected to be 0.1 percent.
Only 16 percent of executives said they plan to hire new employees immediately.