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 a study released today by KPMG LLP, the U.S. audit, tax, and advisory firm.
Follow the conversation on @KPMGUS_News using the hashtag: #CEOoutlook.
The KPMG U.S. CEO Outlook 2018 report features results from an in-depth survey of 400 U.S. CEOs. Key findings include:
• 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...
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