Economic optimism climbing despite recession expected this year, CPA Canada reports CanadiansInvest
TORONTO – Optimism is climbing among top business leaders surveyed by CPA Canada, even as a majority of respondents continue to expect a recession this year, suggesting economic resiliency amid lingering inflationary wage and interest rate pressures.
Results also show that business optimism is starting to rebound, with 56 per cent of respondents optimistic about the prospects for their businesses in the next year, compared to 45 per cent last quarter.
Two-thirds of respondents believe that inflation is hurting their company, with the majority of those believing it will continue to impact their organization for at least six months. The CPA Canada Business Monitor is issued quarterly, based on a survey conducted by CPA Canada using the survey platform Alchemer. The report draws upon business insights of professional accountants in leadership positions in privately and publicly held companies.
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