Deloitte CFO Survey – 2nd half-year 2020
The long road back from the crisis
Following a sharp decline in H1 2020, Swiss CFOs’ rating of the country’s economic outlook has improved.
The expected recovery is considered weak and patchy. A majority of CFOs do not expect revenues to return to pre-crisis levels until Q3 2021. The situation remains volatile and largely dependent on how the COVID-19 pandemic evolves and political responses to it. Both are difficult, if not impossible, to predict, so companies still face significant uncertainty. Unsurprisingly, the pandemic remains the largest single risk that CFOs have identified for their company. For the first time, CFOs also identify credit or payment default as a risk.
A majority of companies have agreed new cost measures, and most of these are now in place. The most frequently cited cost measures are reducing discretionary spending, cutting accumulated overtime and outstanding annual leave, and introducing short-time working.
Key findings of the Swiss survey
Summary of the Swiss survey
Explore the Swiss data
Download the PDF to access all the historical data series from the Deloitte CFO Survey since Q3 2009. Please feel free to use any of the data series in your documents or presentations.
About the CFO Survey
The 40th Swiss CFO Survey was conducted online between 31 August and 25 September. Despite the unusual circumstances, a total of 112 CFOs participated, representing listed companies as well as privately owned firms from every major sector of the Swiss economy. We would like to thank all participating CFOs for their support in completing the Survey.
- The Deloitte CFO Survey - Summer 2020
Switzerland between recession and recovery
- The Deloitte CFO Survey - 1st half-year 2020
Addressing the crisis successfully
- The Deloitte CFO Survey - 2nd half-year 2019
Swiss companies preparing for stormier times
- Deloitte CFO Survey - First half-year 2019
Growth outlook: Switzerland still good, Europe returns to mediocrity
- Deloitte CFO Survey - Second half-year 2018
Is the boom at an end?
- Deloitte CFO Survey - First half-year 2018
Summer in Switzerland: a mini-boom, negative interest rates and skills shortages
- The Deloitte CFO Survey Autumn 2017
- The Deloitte CFO Survey Summer 2017
- The Deloitte CFO Survey Spring 2017
Brighter horizons, but concerns remain
- The Deloitte CFO Survey Winter 2016
A positive outlook for 2017
- The Deloitte CFO Survey Autumn 2016
Higher growth rates back on the horizon