Two thirds of Chief Financial Officers do not expect demand for their own businesses to recover to pre-pandemic levels until after Q2 2021, according to Deloitte’s latest survey of CFOs which closed on 6 October. The report ranks the effects of the pandemic as the top risk faced by business, followed by political uncertainty and Brexit (particularly without a basic EU free trade agreement for goods). Business pessimism has deteriorated significantly in recent months, with around 80% of CFOs expecting UK corporates to reduce capital expenditure over the next 12 months, although this is likely to be accompanied by increased investment in business improvement processes including automation.
Two thirds of Chief Financial Officers do not expect demand for their own businesses to recover to pre-pandemic levels until after Q2 2021, according to Deloitte’s latest survey of CFOs which closed on 6 October. The report ranks the effects of the pandemic as the top risk faced by business, followed by political uncertainty and Brexit (particularly without a basic EU free trade agreement for goods). Business pessimism has deteriorated significantly in recent months, with around 80% of CFOs expecting UK corporates to reduce capital expenditure over the next 12 months, although this is likely to be accompanied by increased investment in business improvement processes including automation.
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