EY: 77% of financiers estimate GDP drop of up to 7%

(ČIA) The effects of the coronavirus crisis differ from those of the OECD, national banks and governments, according to CFOs in the Central and Eastern European (CEE). The drop in this year's GDP in CEE is estimated by 77% of respondents to a maximum of 7%, but 40% of them estimate a reduction of only 3 to 5%. For 7 out of 10 organizations, the current crisis is an opportunity. A survey by consulting firm EY also indicates e.g. that 74% of CFOs expect the economy to return to its 2019 shape within the next two years. Almost every second financial manager anticipates that sales will not change or will even grow in the next three years compared to 2019.



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