The case
In the 50th edition of Deloitte’s CFO survey, Swiss CFOs are cautious about their assessment of the economic outlook.
Source: Deloitte
The commentary
Chief financial officers are rather cautious when assessing the current economic outlook. While business prospects remain upbeat with companies expecting revenue growth, spending policies are being kept firmly conservative. Geopolitical tensions, trade conflicts and currency volatility have been the key anxieties for CFOs this semester.
Despite the current global turbulence, opportunities have been emerging. India shines as one of the few bright spots, even though relatively few Swiss firms are active on this subcontinent at present. Many Swiss companies have been calling for government action in order to address rising trade barriers, and domestic enterprises have been reacting to global uncertainty by raising prices and cutting costs. For more details see link.