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UK
UK: Some snips from the Deloitte CFO survey, released overnight:
- "The COVID-19 pandemic has seen business confidence drop from an all-time high
to an all-time low in just one quarter. While there is no expectation from CFOs
of a quick snap back in activity in the second half of the year, there is
reassurance that the economic shock has emanated from outside the financial
world, which will impact the rate of recovery."
- "It is clear that the COVID-19 pandemic is having a major impact on the
economy, presenting businesses with unprecedented challenges. However, it is
encouraging to see firms taking actions to future-proof their businesses such as
diversifying supply chains and putting a greater focus on pandemic planning. We
are also seeing businesses learning from the new ways in which they are working.
As the world enters a 'new normal', 98% of financial leaders are predicting a
rise in flexible working which could offer new opportunities for innovation and
collaboration."
- Risk appetite similar to levels recorded during the 2008 financial crisis
- CFOs expect recovery to pre-pandemic levels, from Q2 2021
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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