PwC is tracking sentiment and priorities about the COVID-19 outbreak from finance leaders around the world as they are proactively taking steps to contain costs and prepare their businesses for a slowdown in economic activity. 

The findings in the survey signals the increasing concerns of global recession as expressed by 67% of CFOs and the financial impact on operations, liquidity, future periods and capital resources (60%), as well as a reduction in productivity (44%) among others.

However, finance leaders are cautiously optimistic about their business’ ability to bounce back from the unprecedented situation. 75% say their business would return to normal in less than three months, while 21% of finance leaders say it would take three to six months to get back to normal.