SURVEY: CFOS WEIGH IN ON AFFORDABLE CARE ACT, INTEREST RATES, STOCK MARKET OVERHEATING
DURHAM, N.C. — U.S. chief financial officers are concerned by several risks on the horizon — including an overvalued stock market, interest rates that are expected to jump and a shift toward temporary and part-time workers driven by the Affordable Care Act and overall economic uncertainty.
In spite of all this, profits are expected to jump by more than 10 percent, full-time employment is anticipated to increase by two percent, and capital spending could rise by nearly five percent.
These are some of the findings from the latest Duke University/CFO Magazine Global Business Outlook Survey, which polled 1,212 chief financial officers (CFOS) worldwide and concluded Sept. 6. The survey has been conducted for 70 consecutive quarters and spans the globe, making it the world’s longest running and most comprehensive research on senior finance executives. Presented results are for U.S. firms unless otherwise noted.
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Detailed results, including tabular summaries of the numbers in this release and results from previous surveys, are available at www.cfosurvey.org