Results are in for the latest Global Recovery Monitor survey. The monthly survey polls finance industry professionals from around the globe to gauge the economic impact of the COVID-19 pandemic and monitor the signs of recovery. The survey is sponsored by The Treasury Coalition, a group of treasury and finance organizations and providers, brought together by Strategic Treasurer.
Last month's results indicated a downturn in several key areas, including a more negative outlook about when financial normalcy would return. The latest results show that respondents are still in that mindset, as the timing estimate at which businesses will start returning to pre-pandemic status remains at 11 months.
On the positive side, there was a dramatic shift in the outlook on accounts receivable status with responses at the highest level of positivity since the survey began tracking this metric in March. Liquidity also appears to be on the upswing with an increase of 20% of organizations reporting improvments in that area.
Another positive sign is that more organizations reported that projects involving bank and technology partners were being started or restarted, with 65% of those expecting to be able to keep the project timelines intact.
Global Recovery Monitor Result Highlights – Period 14:
- Top Influences: when asked to rank external business influences, the top three concerns were:
- COVID-19 Response Impact, up from 2nd
- Elections, up from 3rd
- Civil Unrest, up from 4th
- Staffing Levels: when asked how the pandemic has impacted staffing levels, 48% of organizations reported that staffing levels remained unaffected, 43% reported a contraction of staff, with 9% seeing an expansion.
- Areas of Concern: no change in the ranking of business concerns from last period, they continue to be:
- Direct Financial Impact on the Business
- Staff Safety Protocols
- Access to Adequate Liquidity
To see the full range of responses, access the full Period 14 results report here.
Take the Survey
To be a meaningful resource, the Global Recovery Monitor needs consistent participation from those in the treasury and finance trenches. To add your voice to the results, take the latest survey.
Read the first article in this series, featuring an interview with Craig Jeffery, Executive Director, Strategic Treasurer.
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