December 22, 2008 4:41 PM
IN past 2 months, market has shown some resilience to downside and therefore we need to check what is happening across the world? Has anything changed? And what is the outlook?
Hereunder presented is CFO survey conducted by Duke University . It is one of the best in its category with proven history to predict forthcoming trends rightly for times and again.
And its true, CFO is the best person to question to understand overall financial situation of the company, country and Global since he is directly exposed to financial sector at corporate level, country level and also at Global level in Global world.
This must give you insight about what the corporate financial policy makers are thinking and foreseeing amidst the crisis.
DO READ FONTS IN RED.
CFO Survey: Historic Recession to Last Another Year
Wednesday, December 10, 2008
Chief financial officers in the United States and around the world are more pessimistic than at any time in the history of the Duke University/CFO Magazine Global Business Outlook Survey. The majority of chief financial officers in the U.S. and Europe say their firms will slash spending and employment in 2009, and their firms will post losses. The recession will last another year, according to nearly two-thirds of CFOs.
These are some of the findings of the year-end 2008 quarterly survey, which asked 1,275 CFOs from a broad range of global public and private companies about their expectations for the economy. (See end of release for survey methodology.) The survey has been conducted 51 consecutive quarters.
SUMMARY OF FINDINGS