2014 Q2 Belgian CFO survey
Concern over government policies clouds current optimism
It is tough running a business in Belgium. Taking into account the financial and economic situation in recent years, the outlook for the coming 12 months is overall positive.
The mood amongst CFOs remains optimistic. It is encouraging that the proportion of CFOs who are today less optimistic about the financial prospects of their organisations than they were three months ago, has once again decreased. For the first time in several years, one third of CFOs report that their organisations are outperforming the budget. Risk appetite is at the highest level since the launch of the survey in 2009. On the other hand, many organisations remain first and foremost focused on defensive strategies rather than on expansion. CFOs are above all concerned about policy risk and the long-term success of businesses in Belgium. Policy makers are not providing the answers CFOs are looking for.