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Belgian CFO Survey

Labour shortage risks restrain optimism 

Most of the trends that manifested in the first quarter of the year continued in the second: CFOs optimism about the financial prospects of their organizations declined further, while financial and economic uncertainty moves up. Smaller organizations with activities mainly oriented towards local markets are more optimistic as are their larger and more internationally oriented peers. The apparent culprits are the rise of protectionism (and protectionist threats), and the scarcity of skilled workers on the labor market. Investment plans have so far not been affected by the reduced optimism: capital expenditure and headcount growth projections remain strong for the next 12 months.

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