2024
CFO optimism about the economy jumped this quarter, following the recent presidential election. However, chief financial officers expressed post-election concerns about monetary policy, inflation, the political climate, and tariffs.
This quarter, about half of the 515 respondents were polled in a pre-election survey that closed November 4. The other half responded to a post-election survey that ran November 6-19.
CFOs remain largely optimistic about their economic trajectory as they plan for the last quarter of 2024. Despite increased concerns around the health of the overall economy and some uncertainty related to the upcoming election, respondents said they still expect employment and revenue growth in the third quarter.
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Nearly two-thirds of CFOs say their companies have a strategic priority to automate tasks typically performed by employees. Among firms that plan to automate in the next 12 months, a majority expect to implement AI to perform a wide range of tasks.
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Financial decision-makers notably increased their expectations for real GDP growth in 2024, and their optimism about the overall U.S. economy also increased.
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