BusinessCompany NewsConfidence hits 18-month low among CFOs

Confidence hits 18-month low among CFOs

Many CFOs believe UK is heading for a double-dip recession, says Deloitte survey

Margaret Ewing

Margaret Ewing

More than a third of CFOs in the City believe the UK is heading for a
double-dip recession according to a Deloitte survey.

Confidence levels among finance chiefs has hit an 18-month low, declining for
the third successive quarter in Deloitte’s CFO survey.

“UK corporates entered 2010 with a cautious view on the sustainability of the
recovery and have stuck to this view,” said Deloitte vice chairman and partner
Margaret Ewing.

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