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Global firms must be more resilient to volatility.

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Global businesses are too easily spooked by short-term economic uncertainty and must make themselves less susceptible to macro-economic volatility. Those were the key findings of a recent CIMA and AICPA survey of business leaders who hold the CGMA designation.

According to the research, less than a third (31 per cent) of business leaders believe the ongoing US debt crisis will ultimately push the global economy towards recession. Despite this, more than half (53 per cent) expect higher US interest rates, while 70 per cent anticipate a weaker dollar going forward.

In other findings, 60 per cent of respondents said that business is too sensitive to economic crises, while a similar proportion (57 per cent) agreed that their organisation must seek new ways to be resilient and less susceptible to macro-economic volatility.

CIMA chief executive Charles Tilley...

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