US, Indian and Spanish Finance Execs Most Upbeat on Economy
Against a mixed outlook for global business, senior finance and corporate leaders in the US, India and Spain are the most optimistic, according to the latest
American Express/CFO Research Global Business and Spending Monitor
The eighth annual edition surveyed 565 senior finance and corporate leaders around the world, and found US respondents rank among the most optimistic in the world, with 83% this year predicting economic expansion against 75% in 2014.
Leaders in India and Spain were the only other countries with an increase in economic optimism over 2014 (94% up from 86%, and 81% up from 69%, respectively)
Outside of these three countries, the report largely finds lower confidence and greater uncertainty than in 2014. There are drops in China (78% versus 94% last year), Singapore (70% versus 82%) and the UK (74%, from 93%), suggesting that executives expect a slowdown in many recently robust regions
Other findings from the report include:
Fifty-seven per cent of respondents plan to balance the growth and profitability of their companies by making moderate increases in spending and investment. US finance executives showed renewed interest in increasing investment in mergers and acquisitions (M&As), at 40% versus 28% last year. Outside of the US, many finance executives are reacting to volatility in the business outlook by recommitting to investment in revenue-boosting activities with planned increases in new product and service development and for sales and marketing activities.
All but five of the countries surveyed anticipated a rise in employment in their country. Those anticipating the greatest rises in employment include India (78%), Spain (66%), the US (61%), and Brazil (60%). Respondents from Russia (5%) and France (0%) had the most negative outlook on employment in their countries
The full report is available at http://about.americanexpress.com/news/docs/2015x/CFO-Survey-2015.pdf.