- Attitudes Toward Short-Term Global Economy Become More Optimistic
- CFO’s Quarterly Global Confidence Survey Shows Decreasing Concern From Senior Financial Executives
- CFO Magazine
- March 13, 2002
The newly found assurance may be tied to the confidence CFOs place in their companies’ second-quarter sales and profit performance. A whopping 70% say Q2 2002 profits will increase compared with those of Q2 2001. Fifty-nine percent predict a rise in second-quarter revenues over last year’s mark.
The top four concerns this quarter are the economic downturn, increasing competition, lack of capital, and an increase in the cost of capital.
Apparently, time heals all confidence problems. An astonishing 91% of the CFOs polled say they are either confident or very optimistic about the U.S. economy over the next five years; 75% feel the same way about long-term global prospects, which is a 10 percentage point rise over last year.
More information from CFO’s Quarterly Global Confidence Survey can be found at www.cfo.com.
CFO is published by CFO Publishing and is a member of the Economist Group. With a rate base of 450,000 and a readership of more than one million each month, CFO reaches the highest ranking executives of the largest companies in America. CFO is also published worldwide, covering the global market with CFO Europe, CFO Asia, and CFO China.