Finance directors in Scotland are predicting a slow-down in economic growth over the next 12 months.
Of the 100 financial directors, chief financial and senior finance officers polled in ICAS’ (Institute of Chartered Accountants of Scotland) The CA magazine survey, 51% said that growth would be flat or negligible.
Only 42% said they expect to see strong or modest growth, compared with 82% last year.
This is in contrast with the UK-wide picture, in which 58% of financial professionals expect strong or modest growth.
The survey, which was carried out in partnership with law firm DLA Piper, revealed that oil price is only seen as the most critical barrier to growth among a small minority of financial directors.
Skills shortages were cited as the biggest barrier to growth across the board.
The top three issues for financial directors were:
Staff recruitment and retention