POST Online Media Lite Edition



 

U.S. CEOs' confidence soars as hunt for sustained growth continues

Staff Writer |
U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth, according to KPMG.

Article continues below




Seventy-seven percent are "very confident" in the growth prospects for their companies over the next three years, up from 46 percent a year ago.

Despite the high confidence, moderate growth is predicted. Fifty-one percent expect top-line revenue growth to be less than 2 percent over the next three years with 49 percent expecting growth in the 2 to 5 percent range.

Thirty-six percent have a "high M&A appetite" and are likely to undertake acquisitions which will have a significant impact on their organization, with cost reduction and business model transformation the main drivers.


What to read next

Confidence in Asia-Pacific is still high despite recent declines
UK investor confidence improves in August after post-Brexit slump
Consumer confidence in China highest in three years