Surge in number of CFOs predicting return to growth

Surge in number of CFOs predicting return to growth

The number of chief financial officers (CFOs) of Irish companies predicting a return to growth in their companies as early as the second half of 2010 has more than doubled, according to the Quarter 2, 2010 Deloitte CFO Survey.

In addition, almost two thirds of CFOs see profits growing again before year-end, the highest reading since the survey began last summer.

A larger number of businesses (many of which are export-led) are now expecting a return to growth sooner than previously indicated - 65% of respondents believe they will see a return to growth in 2010, compared with last quarter’s figure of 32%.

Some 65% also believe that their companies’ profits will increase over the next six months, compared with 42% in Q1 2010.

However, the majority of respondents (66%) do not expect to see a significant macro economic recovery in Ireland generally until 2011. Just 34% think there will be a return to growth this year despite an increase of 2.7% in GDP for the first quarter of the year.

More in this Section

Free trade agreement ‘very difficult if UK does not comply with EU standards’Free trade agreement ‘very difficult if UK does not comply with EU standards’

Microsoft pledges to remove entire historical carbon footprint by 2050Microsoft pledges to remove entire historical carbon footprint by 2050

''Politically-sensitive'' costs of rents and health insurance rise''Politically-sensitive'' costs of rents and health insurance rise

C&C shares sink on news of CEO exitC&C shares sink on news of CEO exit


Lifestyle

Bryan Stevenson is the American civil rights lawyer who provided the inspiration for the newly-released film Just Mercy. Esther McCarthy spoke to him in IrelandReal-life lawyer Bryan Stevenson on inspiring Just Mercy

So I’ve booked my holidays. And before you ask, yes, I’m basing it around food and wine. I’ll report back in July, but I thought readers might be interested in my plan should you be thinking about a similar holiday.Wines to pick up on a trip to France

Esther N McCarthy is on a roll for the new year with sustainable solutions, cool citruses and vintage vibes.Wish List: Sustainable solutions, cool citruses and vintage vibes

They have absolutely nothing really to do with Jerusalem or indeed with any type of artichoke, so what exactly are these curious little tubers?Currabinny Cooks: Exploring the versatility of Jerusalem artichokes

More From The Irish Examiner