New Jersey’s accountants do not have a favorable outlook on the state’s economy.
In a survey of 786 CPAs in the state conducted by the New Jersey Society of CPAs, 31 percent believe the state’s economy will get significantly worse under Gov. Phil Murphy, while 44 percent said it will get “marginally worse.”
Just 14 percent said the economy will improve.
Overall, nearly 55 percent of the respondents assessed the state’s current economy at “fair,” compared to 28 percent who said it is “good,” and 17 percent who said it’s “poor.” Only 1 percent rated the current economy as “excellent.”