Company CFO’s Not Expecting “double Dip Recession”
According to research by Robert Half, CFOs of companies are getting increasingly concerned about how to manage their cash flow. However worries about a possible imminent ‘double-dip’ recession have dissipated.
In a survey conducted by Robert Half, it was found that 44% or nearly half of the CFO’s who were respondents identified managing the balance sheets as the biggest concern they had. This is marks a 10 point increase from the survey conducted last year.
The same number of CFO’s cited that cash flow was a major concern, especially in the case of SME’s. The problem in SME’s was mentioned by 49% of the respondents.
In a huge contrast, only 1% of the CFO’s who responded were concerned about the threat of a ‘double-dip recession’.
Phil Sheridan, who is the Managing Director of Robert Half in the UK, said in a statement that the findings his firm revealed offer an encouraging sign “that organizations are increasingly looking for investment opportunities with a renewed focus on growth, in lieu of survival, in today’s business environment.”
Robert Half is a consultancy that specializes in finding out facts about the large UK audit market.