PwC Cyprus Findings - 12 May 2020
PwC in this bi-weekly survey, is tracking sentiment and priorities about the COVID-19 outbreak among CFOs.
In the graphs you can see the percentages that amount to the total number of CFO responses.
867 CFOs participated in this round of the CFO Pulse survey, across 24 territories: Central and Southern Africa, Brazil, Caribbean, China/ Hong Kong, Cyprus, Czech Republic, Denmark, France, Germany, Greece, Kazakhstan, Malaysia, Malta, Mexico, Middle East1), Netherlands, Portugal, Singapore, Slovakia, Sweden, Switzerland, Turkey, US, Vietnam.
42% of CFOs in Cyprus expect a decrease in revenue of up to 25% as a result of COVID-19, while only 3% of them expect an increase in their revenues.
52% of the respondents believe that their company could return to ‘business as usual’ within three months if the crisis were to end today while only 10% believe that it will take more than a year.
83% of CFOs in Cyprus are most confident in tactical measures to ensure safety of customers and employees.
59% of CFOs in Cyprus think work flexibility will make their company better in the long run followed by technology investments (52%).