Chief financial officers in the UK have expressed their lowest optimism about recovery and growth for two years, according to consultancy Deloitte’s annual CFO Survey.
High inflation and concerns about the effects of fiscal tightening are contributing to the dour sentiment, says Deloitte. CFOs remain cautious about the sustainability of the recovery, expressing a 29% likelihood of a double-dip recession – up from 27% last quarter. On average, CFOs expect the UK fiscal squeeze to reduce UK corporates’ potential profits…
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