CFOs walk the tightrope
As interest rates continue to rise and inflation displays an unusually stubborn staying power, CFOs find themselves performing a delicate balancing act.
On one hand, optimism regarding the U.S. economy in Grant Thornton LLP’s CFO survey for the third quarter of 2022 has risen slightly over the previous quarter. By almost a 2-to-1 margin they expect to see net profit growth at their organizations over the next year.
On the other hand, they view cost control as their most urgent imperative, and they are concerned that they might not be able to meet their labor needs.
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