Printer Friendly

Controllers see weaker economy but stronger companies after recession.

A survey of 3,500 members of the Institute of Management Accountants controllers council conducted in late June found 43% believed the U.S. economy would be weaker after the recession ends than it was when the downturn began. Another 32% said the economy would emerge stronger, and the remaining 25% anticipated no change in the economy's relative strength.

In looking at their industries, 37% of the controllers predicted their industries would be stronger at the recession's end than at its beginning. This compared with 29% who predicted a weaker industry, and 34% who foresaw no change.

The controllers were notably more optimistic about their own companies. Of those polled, 59% said the recession would put their companies in a stronger position. Only 16% believed their companies would be weaker, with the remaining 25% forecasting a return to prerecession positions. Apparently, many controllers believe recession cutbacks and cost controls will place their companies in positions to benefit significantly from a business recovery.
COPYRIGHT 1992 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Oct 1, 1992
Words:162
Previous Article:Thrift industry records first profit since 1987.
Next Article:Controllers cautious on hiring outlook.
Topics:


Related Articles
Corporate controllers bullish for 1990-91.
Rebound in casting markets bodes well for U.S. foundries.
Controllers bearish on 1992 outlook.
More corporate controllers turn bullish.
Statement by Thomas M. Hoenig, President, Federal Reserve Bank of Kansas City, before the Committee on Banking, Housing, and Urban Affairs, U.S....
Controllers expect business rebound to last through 1995.
ARE THE GOOD TIMES OVER?
Strong Dollar, Weak Policy.
Las Vegas NEPA conference finds newsletter publishers ready for an uncertain tomorrow.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters