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TheStreet Open House

2013 CFO Outlook: Investing In Growth, Looking To Expand

Stocks in this article: AXP

Consumer spending will help shore up the economy. Three in four senior finance executives (73%) expect consumer spending to remain stable or increase.

Mixed Global Prospects

Looking abroad, senior finance executives are expressing guarded optimism about the future of a number of key global economies. Nearly half of respondents expect Brazil to perform better in 2013, and a substantial percentage also feel the economies of China and India will improve next year. However, concerns continue to swirl around the UK and Europe.

How Will The Economy Perform in 2013?

Country/Region   Better   Same   Worse
Brazil   48%   34%   19%
China   45%   23%   33%
India   45%   32%   24%
Asia (ex. India and China)   39%   38%   24%
Russia   23%   44%   34%
UK   16%   43%   42%
Europe (ex. UK)   15%   23%   63%

About the Survey

Echo Research conducted an online survey of 200 senior finance executives at large global companies across a wide range of industries in the U.S. from November 12 th to 21 st, 2012. Company revenues ranged from $500 million to more than $20 billion. Respondents were qualified if they have responsibility (sole or shared) for at least three of the following financial tasks: corporate planning, forecasting, and cost reporting, preparing and maintaining financial planning reports, business initiatives (e.g. opening new operations, asset acquisitions, new service launches), overseeing preparation of financial statements, or coordinating the development and monitoring of budgets.

About American Express Global Corporate Payments

Through its Global Corporate Payments group, American Express provides the Corporate Card, Corporate Purchasing Solutions, and other expense management services to mid-sized companies and large corporations worldwide. In the U.S., it is a leading issuer of commercial cards, serving more than 70% of the Fortune 500, as well as tens of thousands of mid-sized companies. American Express issues local-currency commercial cards in more than 40 countries, and international currency cards in an additional 100+ countries. For more information, visit www.americanexpress.com/corporate.



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