Finance professionals and debt collection agencies have been busy since the recession began, as mounds of consumer, business and government debt stacked up. Accordingly, the Association for Financial Professionals released the results of a survey this week that assesses how industry leaders view conditions for the coming new year. While a majority of respondents acknowledged that their organizations will be adding staff in 2012, most believe healthcare costs and compliance will influence business conditions. Uncertain tax policy and weak housing demand is also likely to influence business investment and credit decisions. While TransUnion recently projected mortgage delinquencies will continue to fall next year, the housing market remains in the doldrums. Interestingly, as much as 71 percent of financial professionals cited the federal budgets deficit as likely to impact business conditions. "CFOs and treasurers are sending a clear message: Enough!" said Jim Kaitz, AFP's president and CEO. "These are practical people. They recognize that the political theater must stop in order to achieve a resolution of the debt crisis."
Notice
This Website or it's third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the Privacy Policy. If you want to know more, or withdraw your consent to all or some of the cookies, please refer to the Privacy Policy. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to the use of cookies.