The world is facing a historically significant confluence of crises. The COVID-19 pandemic continues to impact businesses; the Russia/Ukraine conflict is creating supply chain challenges and driving an energy crisis in Europe; and surging inflation, combined with the threat of a long-term global recession, is threatening to significantly slow economic growth.
Demographics
To better understand how business leaders regard the impact of these factors on the global economy, GLG conducted a survey of 70 CFOs in the U.S., France, Germany, Italy, Spain, and the UK Respondents included companies with annual revenue of more than $11 million across a wide range of industries.
Impact of COVID-19
Most of the CFOs we surveyed (54%) said their company’s revenues decreased because of COVID-19. Of these, around one-third (32%) said revenues had already recovered. More than 4 in 10 did not expect to recover until 2023 or later, if at all. For…
