|
|
11 Apr 2011
CFOs' OPTIMISM in the UK economy has fallen in the last quarter.
Deloitte's latest survey found that CFOs predicted a 29% probability for a double dip recession, compared to 27% three months' earlier. While in balance the CFOs are positive, their optimism is at the lowest level in two years.
UK corporates' potential profits will be reduced 7% due to pressure created through fiscal policy, they predicted.
However, CFOs are pursuing growth strategies and leveraging their balance sheets.
"Reduced optimism among finance chiefs seems to be influenced by external events, such as conflict in the Middle East and the earthquake in Japan, and movements in financial markets," said Margaret Ewing, Deloitte partner and vice chairman.
"By contrast, high levels of risk appetite seem to reflect longer term judgments and more positive views on corporate balance sheets, the opportunities available to companies and financial conditions."
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment