The most recent Bank of America Merrill Lynch CFO Outlook survey found roughly 63 percent of chief financial officers are expecting an improved national economy, but are held back by concerns regarding the global economy.
These optimistic CFOs are also expecting their businesses to bring on new employees, with 51 percent saying their companies are planning to hire in the upcoming year, while 64 percent are expecting higher revenues.
“Although challenges remain, CFOs clearly feel better about the economy and opportunities for growth in 2012 than they did in late 2011,” said Laura Whitley, head of global commercial banking at Bank of America Merrill Lynch. “With more executives expecting increases in revenues, profits and personnel, it’s not surprising that optimism about the U.S. economy as a whole is improving.”
While CFOs are feeling good about their companies, the survey found energy and healthcare costs were the two biggest concerns for the upcoming year.
With optimism continuing to grow among business professionals, these businesses need to be sure they are covered in case the economy experiences another rough patch. By investing in businesses insurance policies, CFOs can be sure they won’t be unprotected from potential risks.
