Inflation, labor shortages, and financial concerns are having an effect on economic optimism at the CFO level. According to a Grant Thornton LLP Q1/2022 CFO survey, optimism has fallen 30 percentage points, to just 49 percent.
Inflation topped the list of concerns, with 80 percent of CFOs citing rising costs as the top reason for their negative outlook. Supply-chain issues and the war in Ukraine were also bringing down the numbers.
On the positive side, 50 percent of the more than 270 CFOs surveyed said they believe the economic impact of Covid-19 is waning. And whereas one-third (33 percent) of the respondents in Grant Thornton's previous CFO survey (released in February 2022) said they expect inflation to impact their business for more than a year, that number fell to 25 percent in the Q1 survey.
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