PwC survey: CFOs become less optimistic about recovery time

BVWireIssue #211-4
April 22, 2020

management forecasts
forecast, projections, market forces, coronavirus, COVID-19

“Hopes that the outbreak will dissipate quickly are receding,” according to the PwC COVID-19 CFO Pulse Survey. “Only one in five respondents now believes they’ll be back to business as usual within a month once the outbreak ends. In contrast, during the week of March 9, as shelter-in-place orders started taking hold in the U.S., 66% of U.S. and Mexico respondents estimated that their companies could recover within a month.” PwC is conducting a biweekly survey of finance leaders in the U.S., Mexico, and 19 other territories. The next set of results will be released April 27.
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