US Financial Professionals Temper Optimism on Business Prospects
The majority of senior treasury and finance professionals in the US feel more confident about their business prospects in the coming year than they did a year ago. However, both the US economy and global economic prospects remains a concern for US businesses in the long-term.
These were the key findings of the live poll ‘Treasury Verdict’ session which surveyed senior US and Latin American treasury and finance professionals attending EuroFinance’s 18th annual conference on international cash and treasury management, held in Miami, US.
While 61% of the senior US treasury professionals polled at the EuroFinance conference said they are more confident of their business outlook for the next year, fewer (48%) expressed optimism about the global economy. The real contrast, however, came in attitudes towards the US economy: two-thirds (66%) said they felt less confident about the US’s economic prospects for the next 20 years compared to the past two decades.
Katharine Morton, editorial director at EuroFinance said: “It’s clear that US companies are confident about their own performance over the next year, but against that, the headwinds of unresolved long-term structural financial issues in the US economy over the next 20 years pose challenges at home.”
The survey formed part of the Treasury Verdict series, sponsored by JP Morgan Treasury Services, measuring the viewpoint of corporate treasurers on up-to-the-minute issues.