2009 Atlanta Economic Survey Results

CRI's Atlanta office recently conducted a "State of the Economy" survey including forecasts from more than 200 clients, business associates, and opinion leaders. Some of the highlights include:

• One-third of participants are pessimistic and see continued problems with the economy.
• More than 70% of respondents plan to maintain current staffing levels in 2010; 16% plan to add staff.
• Slightly more than half believe the economy is improving, up from 21% in 2005. Additionally, only 10% believe it's worsening, which is down from 52% last year.
• More than half of the respondents expect revenues will increase in 2010; only one in four expect a decline.
• Customer demand, collections and credit were cited as the three most significant challenges.
• Cuts in capital spending, travel restrictions, and hiring freezes continue to be key strategies in dealing with the economic malaise.
• Only 5% of participants are preparing for the new international financial reporting standards (IFRS).

 

CRI Economic Survey Results