NEW YORK–(BUSINESS WIRE)–U.S. business executives again lowered expectations for profit and revenue growth over the next 12 months, as optimism in the U.S. economy remains tamped down by inflation worries and repercussions from both the Russo-Ukraine war and an economic slowdown in China, according to the third-quarter AICPA & CIMA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.
Survey respondents now expect zero profit growth over the next 12 months, down from an anticipated rate of 0.7% last quarter and 2.5% a year ago. Revenue projections also fell, quarter over quarter, from an expected 3.4% growth rate over the next 12 months to 2.6%. Both key performance indicators are at their lowest levels since the latter half of 2020, when…
