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CFO Poll: Less enthusiasm for growth prospects

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CFO Poll: Less enthusiasm for growth prospects

CNBC poll of CFOs indicates a dampening of expectations.

A new poll by CNBC of private and public CFOs indicates that expectations for economic growth in both the US and globally have tempered recently.

The survey, taken of members of the CNBC Global CFO Council, reflected a slight decline in respondents’ view on the US economy, with 62% of CFOs believing that the economy is either modestly or strongly improving, compared to 63% in May. 

Twenty-nine percent of respondents indicated that US economic growth is the biggest risk, compared to only 16% in May.

However, CFOs were much more bearish on prospects for the global economy, with 56% of respondents believing that the global economy is in decline, compared to 26% in May.

The anxiety of CFOs with respect to economic conditions was most pronounced, perhaps, when asked about the biggest risks to their business.  Twenty-nine percent of respondents indicated that US economic growth is the biggest risk, compared to only 16% in May.  Further, the US dollar and consumer demand were identified by 19% and 18%, respectively.

On the political front, GOP frontrunner Donald Trump got exactly zero votes when CFOs were asked who they expected to win the GOP Presidential nomination.  Former Florida Governor Jeb Bush leads the pack by a wide margin at 78%.  For the Democrats, Hillary Clinton came in at 72%.

Click here for full survey results.

 

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