Rob Starr, Big4.com Content Manager
Seventy-one percent of CFOs polled say they expect slow global economic growth over the next four years and these same executives appear to be taking a ‘wait-and-see’ approach to trade and the implications of expected tax policy. This according to the latest poll from Deloitte’s 20th Annual CFO Vision™ conference. Dr. Patricia Buckley, managing director, economic policy and analysis, Deloitte Services LP, helped us to understand the results.
What’s behind the finding that seventy-one percent of polled CFOs say they expect slow global economic growth over the next four years?
There is considerable concern about slowing growth in China and the outlook for EU economies
What are some of the areas where companies are experiencing significant talent shortages and why?
Companies are experiencing significant talent shortages mainly in information technologists, including data scientists and analysts and cyber security specialists, with 52 percent of respondents citing these areas are in short supply. Innovators, including engineers, designers and R&D leaders, and project/program leaders came in next at 30 percent each, followed by executives at 20 percent and operations experts at 18 percent.
What are some of the areas where CFOs are looking for post-election policy clarity?
Sixty-eight percent of responding CFOs say they need more clarity or are not sure if the border adjustable cash-flow tax system envisioned by the House Republicans will have positive or negative effects on their companies.
What are some of the other big takeaways from the report?
Another key takeaway from this report is the fact that the majority of CFOs (71 percent) anticipate slow global economic growth over the next four years. Thirty-one percent expect somewhat less international trade, while 24 percent expect slightly more, and 43 percent expect no significant change.