The Deloitte Belgian CFO survey
First signs of optimism in times of continuing uncertaintyDOWNLOAD
Deloitte Belgium has released its Chief Financial Officer (CFO) survey: “Benchmarking Corporate Financial Attitudes”. This is the first edition in what will become a quarterly poll of chief financial officers and group finance directors of Belgian companies. It is also the first to gauge attitudes to valuations, risk and financing of major corporate users of capital in Belgium.
The global economy is in the middle of the worst recession in decades. Just as the EU economy has not escaped this worldwide downturn, so too has Belgian GDP growth decreased over the last months. According to the EU Commission’s January forecast, Belgian GDP is expected to fall by nearly 2% in 2009. It should recover gradually to around 0.5% in 2010, partly because of the effects of policy measures at European and national levels under the European Economic Recovery Plan (EERP).
It was in this context that the first Deloitte quarterly CFO Survey took place between 21 March and 10 April. During our survey, 53 CFOs participated, representing both listed and non-listed companies. “Although the survey shows a certain amount of optimism in Belgium, it is tempered with a lot of caution,” comments Thierry Van Schoubroeck, Partner in charge of Deloitte CFO Services.
Deloitte CFO Survey 2009 Q1: key findings
“The real value of the survey data lies less in the absolute value of each indicator than in the identification of trends and possible turning points,” explains Thierry Van Schoubroeck. “Hence, we are already looking forward to the 2009 second quarter Deloitte Belgian CFO Survey to be conducted in the second half of June.”
To download the results of the Deloitte CFO Survey, please see Downloads below or visit the Deloite Belgian CFO survey web page.
For further information about the survey or about taking part in the next edition, please contact Thierry Van Schoubroeck.
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