Treasury Coalition’s Global Crisis Monitor Survey Results: May 8, 2020

This week’s survey results show optimism growing about 12-month recovery.

GTreasury is committed to helping its customers and the industry at large make actionable decisions throughout the COVID-19 pandemic. With that in mind, we are active supporters of the Treasury Coalition, an industry-wide effort led by Strategic Treasurer.

The Treasury Coalition has launched the Global Crisis Monitor, an “immediate and ongoing survey of COVID-19 impact and response.” The survey collects weekly impact and reaction data from corporate treasury professionals around the world to provide flash insights into the current sentiment of the industry.

Positive outlook:

  • Debt and liquidity: Changing perceptions of organizational liquidity repeated a week on week improvement. Perceptions of central bank liquidity, government fiscal activities, and fiscal policy all improved this week.
  • Impact of Covid-19 on company: Respondents continued to report improvements in perceptions of how their company/organization is reacting to COVID-19. Views of community/family and country responses also improved slightly.
  • End of health issue: Financial professionals saw slight improvement on when they expect the end of the health issue (now under 9 months, down from 10 months last week).

Cautionary and negative outlooks:

  • Continued concerns about accounts receivable: For the seventh week in a row, organizations reported a very negative outlook for accounts receivable.
  • Reconsidering liquidity forecasting: 81% of respondents have reconsidered plans due to COVID-19. More than half of these (56%) are reassessing plans for liquidity and forecasting.

Timing estimates:

  • Financial normalcy: The mean of when businesses return to the state they were in before COVID-19 increased slightly to a mean of almost 12 months.
  • Economic recovery: This week, 54% had a negative outlook of a recovery happening in the next three months (down from 66% last week). The optimism of a recovery in the next 12 months was 43% this week, down from 51% last week.

To participate in this ongoing survey click here.  You can also sign up to receive the full report each week.