Middle-market companies seizing growth by embracing AI, diverse talent pools and sweeping regulation over next 12 months
13.06.2018

Middle-market companies seizing growth by embracing AI, diverse talent pools and sweeping regulation over next 12 months

 

  • EY survey shows 87% of middle-market companies plan revenue growth of more than 6% this year, significantly outpacing GDP forecasts
  • Embracing cognitive technologies and hiring diverse full-time talent are top priorities for global middle-market executives
  • Innovation is being fueled by increased regulation

 

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.

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