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As we hurtle towards FY25, few CFOs are expecting much relief from the prevailing blustery economic headwinds. The economic scene looks set for more of the same — a thorny combination of sticky inflation and high interest rates elevating input costs and dampening consumer spending, overshadowed by the unsettling influence of intensifying global conflicts, trade tensions and cyber threats. It’s a mix that’s already hitting bottom lines, with analysis of S&P/ASX 200 companies’ earnings showing this year’s interim profits were down on the long-term average. No wonder CFOs’ risk appetites have ebbed to record lows, according to Deloitte’s latest CFO Sentiment Report. “There’s no doubt COVID-19 introduced a level of uncertainty none of us had ever seen, but the current uncertainty around the financial future is at an all-time high and that’s affecting the investment decisions that CFOs and boards are making,” says Joanne Gorton MAICD, managing partner of audit and assurance at Deloitte. Consequently, many CFOs are spending much more time with their boards on scenario analyses, readying their organisations for quick course changes to avoid threats and seize opportunities. Read the full story in the AICD's Company Director magazine.  Comments are closed.
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