Global Economic Outlook - More Pessimists than Optimists
In C-suites and boardrooms around the world, pessimists now outnumber optimists nearly 8:1, as senior finance executives take an increasingly dim view of the global economy and show growing concern about regional conditions. That's according to the third quarter CGMA Global Economic Forecast  released October 4, 2012, by the American Institute of CPAs (AICPA)  and Chartered Institute of Management Accountants (CIMA) .
- Expectations for employment increases continue to be marginal, with companies overall expecting a 0.7-percent increase in hiring over the next 12 months.
- CGMAs in the United States expect to boost employment by 1 percent, but that is below the 1.3-percent projection in the second quarter.
- Optimism is greatest in the technology sector, which expects to increase headcount by 2.9 percent.
- Retail trade has fallen off sharply from a projected increase of 3 percent in the second quarter to only a 0.6-percent increase in the third quarter survey.
- The overall expected increase in revenues over the next 12 months is up slightly from 2.7 to 3 percent, with all regions showing quarter-to-quarter improvement, except for the United States, which declined from 3.5 percent to 2.8 percent.
- Profit expectations overall increased slightly from 2 percent to 2.4 percent.
- The percentage of respondents in Europe, the United Kingdom, and the United States who expect financing to be more difficult next quarter increased.
- Slightly fewer companies in Asia and emerging economies expect their financing to be more difficult.
- Europe appears the most challenging, with 34 percent now expecting their financing to be more difficult.
- The United States continues to be the least challenging, with only 14 percent expecting more difficulty.
- While global economic conditions topped the list of concerns in the second quarter, regional conditions have now taken center stage.
- CGMAs identified domestic economic conditions, domestic regulatory requirements/changes, and domestic competition as the top three challenges their companies face.
- In the United States, the top three challenges identified by executives are domestic economic conditions, domestic competition, and global economic conditions.
- CGMA Global Economic Forecast Results Are In 
- CGMA Global Economic Forecast Shows Cautious Optimism for Year Ahead