Bad predictions and better predictions about the state of the U. S. economy come from a just-released survey. Nearly 60 percent of those participating in the 2008 Women in Finance Survey of the Association for Financial Professionals say the economy will continue to slow down at least into this year’s fourth quarter.
One third of those surveyed say economic conditions will begin to stabilize or even improve over the next 90 days. Ten percent say the worst of the economic downturn is over.
More survey results show:
26 percent of female corporate practitioners believe that women are more vulnerable to job setbacks resulting from the economic slowdown.
89 percent of financial professionals expect their career to be impacted negatively as a result of the economic slowdown, though they also say that most of the impact will be short-lived.
72 percent expect to receive a smaller bonus over the next year.
49 percent believe there will be fewer job opportunities outside of their organization.
38 percent believe the current economic slowdown reduces the likelihood for job advancement with their current employer.
Nearly three out of five financial professionals report that their organizations are using more innovative methods to accomplish certain functions. And, two out of five say they have taken on new job responsibilities, perhaps due to departmental downsizing.
The survey, sponsored by Citi’s Global Transaction Services, asked 3,000 corporate practitioner members — evenly split between males and females — about the impact the current slowdown has had on job security and career advancement. The response rate was 20 percent.