According to Deloitte, privately held and mid-market companies are expecting strong economic growth in 2017. According to their survey “more than three-quarters (83%) of the executives surveyed after the November election are confident that the U.S. economy will improve over the next two years, compared to 65% last year.”
Beyond executives excitement for their business prospects in the coming years, those surveyed “are equally optimistic about their company’s success and performance in the year ahead, particularly across key business metrics, such as employment, productivity, profits and capital investment. Seventy-eight percent of respondents expect revenue growth in excess of 5%.”
These numbers are encouraging for those working in this sect of the economy, but there is still cause for concern.
Even though executives are confident their revenue, 70% feel more uncertain than they did a year ago about the main factors driving their future business prospects.
“Certain economic and geopolitical issues are among the challenges these executives cite in the survey,” says Bob Rosone, managing director, Deloitte Growth Enterprise Services, Deloitte LLP. “However, the respondents appear hopeful that these challenges might be addressed.”
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