Deloitte Survey: CFOs Predict Deteriorating Economy in One Year

Deloitte's quarterly CFO Signals survey found that CFOs have a more pessimistic outlook for every regional economy in the world over the next 12 months, with their assessment of North America's economy 12 months out being the most bleak. Economic or financial market risks were cited as the greatest external concerns, topping geopolitical risks. CFOs are being directed by their CEOs to focus on cost-reduction measures, and fewer CFOs expressed optimism about their own companies' financial outlooks. Talent and labor concerns dropped as CFOs' top internal risk after nine consecutive quarters in favor of execution risks to their strategies or transformations.