Optimistic firms plan for growth

first_img UK financial officers have turned markedly more optimistic about growth in 2011, fuelling hopes that the private sector will be able to compensate for a retrenching public sector. Deloitte’s quarterly CFO Survey – released today – cites expansion as the top priority for financial officers, with balance sheet rebuilding and cost-cutting taking a back seat.Risk appetite, recruitment and capital spending are also set to rise after a strong fourth quarter of 2010. The survey highlights the potential of overseas expansion for UK Plc, with 34 per cent of respondents arguing that emerging markets would contribute most to revenue growth, against 39 per cent saying the UK would.“The focus on emerging markets shows how international the top end of the UK corporate sector has become,” Ian Stewart, Deloitte’s chief economist, told City A.M. “The UK is still the single biggest contributor, but I’m surprised to discover how closely behind emerging markets now are.” CFOs now see a probability of just 26 per cent of a double-dip recession, down from 34 per cent in the third quarter and 38 per cent in the second.“The equity markets late last year were very strong, and they’re usually a good barometer for more general market sentiment,” said Stewart. “It means that fears about the consequences of fiscal policy in the UK have a more positive macroeconomic backdrop.” Share Show Comments ▼ whatsapp KCS-content Optimistic firms plan for growth center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tags: NULL whatsapp Monday 3 January 2011 11:51 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Prooflast_img