Search ForexCrunch

The latest survey from accountants KPMG showed on Tuesday, Chief Executive Officers of the British companies feel more downbeat on the UK growth outlook for the next few years, in the wake of looming Brexit concerns.

KPMG surveyed 150 chief executives in Britain as part of its wider annual survey of 1,300 company bosses around the world.

Key Findings:

“Just 38 percent of chief executive officers think revenue will rise by 2 percent or more per year over the next three years, down from 47 percent in 2017 and 58 percent in 2016’s survey.

Instead, 61 percent of company heads said they expected growth of between zero and 2 percent per year, up from 54 percent last year.

Overall, KPMG’s report chimed with other business surveys that depict a muted outlook for businesses in the years ahead.

While the KPMG report showed companies in the United States, France and Japan had become more confident in the economic growth prospects of their countries, the opposite was true of Britain, Germany, Italy and Spain.”