Business Leaders Confident About Economy

Although lingering concerns about the economy are hampering plans to hire more workers, business executives are more optimistic about the U.S. economy, with optimism at its highest point since early 2007, a new AICPA survey says. The AICPA’s Economic Outlook Survey  for the second quarter shows that while confidence is increasing, only 49% of respondents describe themselves as “optimistic” or “very optimistic,” that’s up from 32% at the beginning of the year. The low point for this category came in the third quarter of 2011, when only 9% of executives described themselves as optimistic.

“In addition to holding a more optimistic view of the economy, executives are feeling much better about their own business prospects,” said Arleen Thomas, AICPA’s senior vice president for management accounting and global markets. “Some three out of five companies are now expecting to expand over the next 12 months.”