• A change in optimism about the US economy

  • Dec 5 2024
  • Length: 7 mins
  • Podcast

A change in optimism about the US economy

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  • Summary

  • The potential for less regulation is one factor driving optimism among CPA decision-makers in a quarterly survey, according to Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development.

    Witt joined the JofA podcast to discuss fourth-quarter results of the Business and Industry Economic Outlook Survey — statistics that were dramatically different from the third quarter.

    The executives are mostly optimistic about the domestic economy in 2025. They also have a brighter outlook as it relates to their own organizations, although that increase since the third quarter was more muted.

    What you’ll learn from this episode:

    • A breakdown of the quarter-over-quarter change in optimism.
    • What challenge returned to its familiar top spot in this quarter’s survey.
    • The reasons that optimists and pessimists feel the way they do, according to Witt’s analysis.
    • The hiring outlook for 2025.
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