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TheStreet Open House

Global Businesses Look To 2013 With Renewed Confidence, According To Research From FTI Consulting

Stock quotes in this article: FCN





DAVOS, Switzerland, Jan. 21, 2013 /PRNewswire/ -- Global business leaders have entered the New Year feeling surprisingly confident about future growth prospects, according to the latest research from FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value.

In a poll of more than 1,000 business leaders in major global economies, FTI Consulting found that 77% of respondents are optimistic about significant global economic growth in 2013. This compares with 45% optimism expressed in a similar poll conducted in January 2012. The optimism is fairly evenly spread across the regions: 76% in Europe, 78% in North America and 75% in Asia.  

With business leaders feeling more secure about global economic prospects for 2013, executives are anticipating some growth for their own businesses. 62% of respondents to the FTI Consulting poll expect increasing growth and prosperity for their own organisations: 48% in Europe, 71% in North America and 61% in Asia. Furthermore, 61% expect growth of over 2% in the coming year, while 10% are expecting growth of 10% or more.

The FTI Consulting poll also found there still is appetite for acquisitions, with 42% of respondents saying they will make an acquisition in their own region and 37% outside their own region. Innovation will be a key theme for 2013, with 57% of respondents planning to invest in innovation to combat low growth in 2013. The focus on innovation is most pronounced in Europe: 61% compared with 53% in North America and 49% in Asia. 

The general feeling that the economy has started to turn the corner is further demonstrated by a surprisingly positive attitude towards the banking sector. 89% of global business leaders believe the banking sector in their home country has a positive reputation, and 85% feel the banking sector globally is in a good state. Nearly five years after the collapse of Lehman Brothers, 70% of respondents are confident there is a strong enough global regulatory framework in place to prevent the risk of another banking crisis.

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