Nearly 65 Percent of CPAs Surveyed Say New Jersey’s Economy Will Worsen the Rest of the Year
Inflation and Finding Available Personnel are Top Business Concerns
ROSELAND, N.J. — New Jersey’s economy is expected to get worse during the second half of the year, according to nearly 65 percent of the 441 certified public accountants surveyed by the New Jersey Society of CPAs (NJCPA) in May. An even larger percentage of respondents — 68 percent — believed the economic conditions in the United States would get worse over the remainder of the year.
The biggest challenge for the respondents’ businesses was inflation (73 percent). Additional challenges cited were the availability of skilled personnel (57 percent); state and fiscal policies that are unfriendly to businesses (42 percent); supply chain problems (35 percent); and regulatory requirements (27 percent).
Out of nearly 240 respondents who work in public…
