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Finance bosses optimistic for future despite 'Frankenshock'

Local News // Oct. 31, 2016
Finance bosses optimistic for future despite 'Frankenshock'

The majority of heads of finance at Swiss companies' say they are optimistic about the future of their firms for the first time since the franc was unpegged from the Euro.

The survey from Deloitte also shows renewed optimism about Switzerland's economy.

53% of the chief financial officers have a positive outlook on their company's financial future, while 12% remain pessimistic.

Overall prospects for the Swiss economy have also improved, with 45% of CFOs foreseeing a positive economic outlook compared to 31% in the summer of 2016.

But Deloitte found they also rated uncertainty in the economic and financial environment as high, due to concerns about Switzerland's interest rate and monetary policy, as well as uncertainty around events such as the US elections and Britain's exit from the European Union.

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