The latest European Deloitte CFO survey found that this increase in pessimism has caused the risk appetite to fall further.
Over a third (36%) of Europe's CFOs feel more pessimistic about their companies' financial prospects, according to the latest edition of the Deloitte European CFO Survey. This percentage has doubled since the first survey in spring 2015, when the figure stood at 18%.
Risk appetite tumbles further
Fewer than one in five CFOs (18%) consider now to be a good time to take on risk, the lowest percentage on record. This overtakes last edition's record