BusinessPeople In BusinessCFOs enter 2011 confident of growth

CFOs enter 2011 confident of growth

Fears of double-dip recession fall, as CFOs line up growth plans

FEARS OF A double-dip recession have abated among chief financial officers, who have entered 2011 with a focus on growth.

Deloitte’s quarterly survey for Q4 2010 found senior finance professionals more confident than they had been over the previous two quarters. They estimated only 27% probability of a ‘double dip’ return to recession – significantly down from 34% in Q3 and 38% in Q2.

CFOs’ top priority for 2011 is expansion, either through new product lines or moving into new markets. More than half expect expansion outside of the UK to be the main driver for revenue growth over the next 12 months.

Appetite for risk has risen quicker than optimism, reaching its highest level since the survey started in Q3 2007.

“If 2010 was the year of balance sheet rebuilding and cost cutting, then 2011 looks set to be the year in which corporates start spending again,” said Margaret Ewing, Deloitte partner and vice chairman (pictured).

Related Articles

Deloitte ramps up crisis management skillset with Regester Larkin acquisition

Accounting Firms Deloitte ramps up crisis management skillset with Regester Larkin acquisition

12m Stephanie Wix, Writer
Deloitte: Gender pay gap to exist until 2069

People Business Deloitte: Gender pay gap to exist until 2069

1y Richard Crump, Writer
Deloitte’s David Sproul joins CEO for a Day scheme

People Business Deloitte’s David Sproul joins CEO for a Day scheme

1y Stephanie Wix, Writer
PwC and Deloitte chiefs sign Remain letter

Business Regulation PwC and Deloitte chiefs sign Remain letter

1y Kevin Reed, Writer
MPs hear from trio of Big Four firms over BHS advice

Accounting Firms MPs hear from trio of Big Four firms over BHS advice

2y Chris Warmoll, Writer
Deloitte scales back real estate business to avoid audit conflicts of interest

Accounting Firms Deloitte scales back real estate business to avoid audit conflicts of interest

2y Calum Fuller, Reporter
Accountancy among sectors with highest risk of automation

People Business Accountancy among sectors with highest risk of automation

2y Calum Fuller, Reporter
Trio of Big Four firms praised by Stonewall for gay-friendly ways

Accounting Firms Trio of Big Four firms praised by Stonewall for gay-friendly ways

2y Chris Warmoll, Writer