Australia: Outward Looking

Australian CFOs appear to be the most outward looking in the region. They are more worried about the European debt crisis than their peers, and are more concerned about the U.S. budget deficit and an economic slowdown in China than all the other countries except China.

Their rating of the world economy as it currently stands is a weak 4.6 (close to the group average of 4.7) and together with China they are the most concerned about regulatory issues.

Foreign Competition Not a Concern

Despite their international focus, CFOs in Australia are the least concerned about foreign competition. However, for those citing foreign competition as a concern, more than 50% are concerned about competition from China, the U.S., Western Europe, Japan and India.

Australian CFOs also the least concerned about their own economy's sensitivity to a global slowdown, rating this 6.1 compared to the group average of 7.0.


Australia - Quietly Confident

Plans for 2012: Increased Borrowing and Capital Expenditures

CFOs in Australia are the second most optimistic on the outlook for their own country's economy in 2012, with 54% predicting expansion in Australia compared to the group average of 32%.

Australian CFOs were the most likely to increase borrowing in 2012 (and consequently they are the most concerned about credit availability, although 56% said the availability of financing has increased in the last year). Meanwhile 40% say their company will increase capital expenditures in the coming year.

Overall, CFOs in Australia are aware of the issues affecting the global economy – but they do not feel that these will have a significant effect on their own economy.

Borrowing Intentions

Australian CFOs told us they were most likely to increase borrowing in the coming year – find out about the borrowing intentions of CFOs from other Asian countries here

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Credit Availability

Australian CFOs were most concerned about credit availability, find out what other issues concerned them in our interactive chart

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