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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.
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Oct 1, 1992
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