The global economic recovery, which has been slowing down in the past few months, has now gone into reverse, according to a worldwide survey of finance professionals by ACCA (the Association of Chartered Certified Accountants).
The results of ACCA’s Global Economic Conditions survey for the fourth quarter of 2010, show that twice the number of accountants as compared with the previous quarter (28% as opposed to 14%) believe that the recovery is slipping away.