CFOs remain optimistic about the economy, even as indicators of a potential recession continue to loom, according to the latest CFO Survey from Grant Thornton.
Fifty-four percent of CFOs surveyed for the first-quarter edition of the poll reported being optimistic or very optimistic about the economy, while more than two-thirds (68%) of respondents projected a rise in net profits for their organization over the next 12 months.
Even as optimism remains high, however, confidence in controlling costs seems to be waning, as survey participants ranked cost optimization as their top near-term focus for the fourth straight quarter. See other key findings.