The level of pessimism in Russian business has dropped to an absolute minimum

The level of pessimism in Russian large and medium-sized businesses fell to 4%, which was the absolute minimum for the entire period of observations since the beginning of 2015, RBC reports with reference to a Deloitte study. Among 76 surveyed CFOs, 56% were optimistic about the financial prospects of their companies, the material said.

“We can say that representatives of Russian business are confident that the crisis caused by COVID-19 has been overcome,” the study says.

82% of survey participants expect income growth in the first half of 2021. In the second half of last year, only 40% of respondents had such expectations. 65% of companies have already returned the level of revenue to the pre-crisis level or exceeded it, 49% of respondents expect an increase in operating profit.

About 50% of respondents said they plan to increase their staff. 72% of respondents named digitalization as a priority business strategy.

The key risk factors for 2021 are considered by most respondents to be currency fluctuations and geopolitical risk (53% each). The growth of the indicator in terms of geopolitical risks amounted to 23 pp. A decline in economic activity and a decline in demand worries about 50% of respondents.

Where entrepreneurs were looking for funding during the crisis – in the material of “Kommersant FM”.

Leave a Reply

Your email address will not be published.