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LONDON, 13 JUNE 2018. Middle-market companies across the globe are significantly more optimistic about business conditions and opportunities than last year, according to the findings of the annual EY Growth Barometer released today at the EY World Entrepreneur Of The Year Forum. Growth prospects for all major economies are finally improving in 2018, with International Monetary Fund GDP forecasts currently at 3.9% for the year. Amid this positive background, business leaders are bullish about revenue growth.
The annual survey of 2,766 middle-market executives across 21 countries and nine key middle-market sectors reveals that global confidence in business growth has strengthened in the last 12 months. Sixty percent of companies are targeting growth between 6-10%, which compares with only 34% of companies having the same growth ambitions a year ago. A further 27% are targeting growth in excess of 10%, a marginal decrease from 2017, when 30% of companies were in this high growth band. What’s more, 0% of respondents in 2018 expect a decline in growth, compared with 5% in 2017.
You can find our more infomation, download the press release, view the full detailed report and download the accompanying web video on our DNA; you can also visit the EY website.