The research by Deloitte reveals that while optimism is up, we are still in a risk economy, with inflation, cybersecurity and interest rates along with talent, productivity and cost management ranking highly in CFO’s external and internal risks respectively.

David argues that this shift in sentiment is crucial to driving sustained economic growth, because confidence impacts forward planning. He also identifies specific risks including those relating to trade/tariffs as well as talent/visas that could develop and impact the landscape in Q4 and beyond.

Active in over 170 countries, Vistra advises corporates and funds across the globe on critical business functions and supports companies to operate across markets whilst ensuring compliance.

David Reichert, Director, International Expansion Solutions at Vistra, said: “The rebound in CFO optimism is an encouraging sign after what has been a turbulent year so far. While tariffs and economic policy will likely stay in a cycle of flux, firms are showing greater confidence to plan ahead rather than operate defensively. This shift in sentiment is critical if we’re to see sustained growth.

“Monetary policy and inflation remain front and centre. With further Fed rate cuts looking increasingly likely, the window for investment and expansion is opening wider and businesses that act decisively now could find themselves in a stronger position as conditions improve.

“Risks remain, with government efforts to rewrite trade rules potentially facing legal hurdles, while shifts in areas like H-1B visas risk injecting fresh uncertainty. Affected firms could expect slower GDP growth, higher costs and weaker revenues. However, opportunities across other industries, markets and regions are continuing to progress normally. Whether confidence builds from here will depend on how decisive firms are and how they navigate risks as they appear, but the direction of travel is more positive.”