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Wednesday, April 4, 2012

CGMA Global Economic Forecast Shows Cautious Optimism for Year Ahead

The world's CEOs, CFOs, and other senior management accountants have a cautious yet increasingly positive outlook for the global economy over the next 12 months, according to the first Chartered Global Management Accountant (CGMA) Global Economic Forecast released March 29, 2012, by the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA).The quarterly forecast polled 600 management accountants from more than 60 countries on global and domestic economic conditions and the outlook for their organizations.
The CGMA Global Economic Forecast ‒ a comprehensive gauge of executive sentiment ‒ rose 7 points, to 65, from a baseline reading of 58 established during a fourth-quarter 2011 survey. The index is a composite of 10 equally weighted survey measures on a scale from 0 to 100, with 50 considered neutral and numbers above that signifying positive sentiment.

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Source: http://www.accountingweb.com