Security News > 2020 > March > How finance leaders plan to react to COVID-19

The potential for COVID-19 to lead to a global economic downturn is the top concern for finance leaders in the US and Mexico, according to PwC. However, 90% of finance leaders say their business would return to normal in less than 3 months if COVID-19 were to end immediately.

Key findings All finance leaders say their business is experiencing some impact as a result of coronavirus.

Just 14% of finance leaders reported that their company is not considering any financial actions as a result of COVID-19.

"However, with 90% of CFOs and finance leaders optimistic that they can return to normal business operations fairly quickly if the pandemic stops soon, this should signal a strong sense of urgency for business leaders to work closely with government and public health officials to help address the crisis."

Of the 50 finance leaders surveyed, 80% are from Fortune 1000 companies, with others in healthcare non-profit associations or in privately held companies, and 44 respondents are from the US whereas 6 are from Mexico.

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