According to a survey conducted by accountants Deloitte, nearly half of the Chief Financial Officers (CFP) from large and mostly listed British companies expect a long road to recovery, which is likely to extend at least until the second half of 2021.
Key findings
“Another 33% predicted a recovery in the first half of 2021 and 10% said business had already bounced back.
Companies were resolutely downbeat about the outlook for jobs, investment and adding risk to their balance sheet, although less so than in its previous quarterly survey.”
Ian Stewart, Deloitte’s chief economist, noted: “Major corporates are expecting a long haul back to pre-COVID levels of revenue. COVID-19 overshadows all other sources of risk for UK CFOs, and by a wide margin.”
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now