The CNBC Global CFO Council survey for the first quarter 2021 was conducted between March 2-March 23 among 42 members split between North America, Europe and Asia.
Swonk expects the U.S. economy to post its strongest year of growth since 1984 with profits more broad-based. "That said, we have already seen quite a run in equity prices and much depends on the Federal Reserve's resolve to be patient as prices flare in response to that surge in demand and associated bottlenecks."The short-term gains are expected to vary by geography. The regions that CFOs see leading the global economic expansion are the U.S.
For economists, the shift from 2020 to 2021 is a resetting of the key question from how bad conditions can get region by region to how big of a rebound to expect. "We have shifted from eradicating the virus to managing it and its variants. That will not stop the world from ramping up but could add some speed bumps along the way," Swonk said.
FrankCNBC ScribeForce94
FrankCNBC cyber attacks on the election were bad too you'll see soon
FrankCNBC Accounting nerds don’t understand ppl...News at 11.
FrankCNBC thanks for this news