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