CFOs do not seem to be waiting for growth to slow before adjusting direction. There has been a marked shift to more defensive balance sheet strategies in the wake of the referendum.

Ian Stewart

Categorized in : Business

Perceptions of uncertainty have soared to levels last associated with the euro crisis five years ago, the spike in uncertainty has had a toxic effect on business sentiment, with optimism dropping to the lowest level since our survey started in 2007 -- lower, even, than in the wake of the failure of Lehman in late 2008.

business