Global optimism continues to fall and uncertainty lingers in the mid-market
- Global optimism has fallen to a three-year low, with a net optimism of +32%, down from +39% in H2 2018.
- Economic uncertainty remains elevated - 46% of firms identify this as a constraint to growth.
Mid-market growth expectations adjust downwards
- Expectations around revenues, profitability and employment have fallen to 2016 levels globally.
- Compared with previous periods, fewer firms are expecting to increase prices over the next 12 months. This is consistent with wider risks of weak inflation, especially as global growth is slowing (IBR indicators on wage growth also do not point to significant cost-push inflationary pressures).