Belgian CFO Survey
Protectionist threats weigh on CFO sentiment
In a climate of growing protectionist threats, CFO optimism declined and uncertainty rose in the first quarter. Large companies operating across borders are most concerned, while the
impact on smaller more locally operating companies is limited. In the short term businesses remain focused on growth and are mostly concerned about the availability of skilled labour,
their competitive position in the market and the impact of Belgian financial & economic policy making thereon. Amidst the declined optimism and rising uncertainty, quarter one financial
performance is strong. A record high 80% of participating CFOs report performing on or above budget. Digitalisation is a top priority for CFOs, with a vast majority expressing moderate
maturity at best.
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