While there may be some glimmers of hope about a turnaround to the U.S. economy, such as decreasing unemployment, Virginia CPAs aren't betting on a huge recovery in the next year.
The second annual VSCPA Economic Outlook Survey reveals Virginia CPAs are more pessimistic about the United States and Virginia economies than they were last year, but they are actually more optimistic about Virginia's economy compared to the United States as a whole. Likewise, VSCPA members continue to feel good about the economic outlook in Virginia relative to neighboring states.
Copyright © 2012 The Warren Group. This article first appeared in Disclosures 25, no. 2 (March/April 2012): 12-15.
The definitive version is available at: http://issuu.com/thewarrengroup/docs/disclosures_marchapril2012
Selby, Daniel. "Will It Be a Tough Year?" Disclosures 25, no. 2 (March/April 2012): 12-15.
Selby, Daniel D. and Walden, W. Darrell, "Will It be a Tough Year?" (2012). Accounting Faculty Publications. Paper 28.