ACCA Survey Notes Global Resilience Amid Cost Pressures and Downside Risks
What happened
The Global Economic Conditions Survey showed a small decline in global accountant confidence during the third quarter. Jonathan Ashworth, chief economist of the Association of Chartered Certified Accountants, noted that while the global economy has shown resilience, downside risks remain prevalent.
From royalgazette.com
Why it matters
Elevated energy and other prices are pressuring firms to pass on cost increases, which could weigh on consumers and increase the likelihood of further rate hikes by major central banks. Growth in the US and global economies continues to benefit significantly from the AI boom.
From royalgazette.com
Who's involved
- Association of Chartered Certified AccountantsPublished the Global Economic Conditions Survey and provided economic commentary.
- Jonathan AshworthChief economist for the Association of Chartered Certified Accountants.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Luxury ResortsSpeculative
Luxury Resorts might face increased operating costs and reduced profitability due to consumer caution.
- MIaMISpeculative
MIaMI could see reduced operational viability as economic uncertainty and cost pressures persist.
- Dominican RepublicSpeculative
Businesses in the Dominican Republic may experience direct impacts due to cost pressures and economic uncertainty.
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The entities involved
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Association of Chartered Certified Accountants
qualification body for professional accountants
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Jonathan Ashworth
British politician (born 1978)
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