The results of our annual executive outlook are in—and the numbers are
promising, to say the least. Onward and upward would seem to be the
mantra this year as both the results of this year’s Executive Outlook survey
and exclusive interviews with ;rm leaders would indicate. Continued positive economic momentum combined with the election of what most expect
will be a very pro-business administration leads to a rosy forecast among
consulting executives. Sprinkle in enough upheaval to key industries such
as healthcare and ;nancial services, along with what appears to be bipartisan support for increased infrastructure spending, and the result is a real
“Pedal to the Metal” mentality.
Of course, the devil is always in the details and
whether or not the economy hums along the way
most anticipate will be determined by what happens in Washington. And, as we’ve seen plenty of
times before, what we think will happen probably
will not. Global unrest, international threats, domestic dissatisfaction and looming inflation could
throw a wrench—or stall completely—what figures to be an economic super highway in 2017.
Based on our interviews, consulting firm
leaders appear more confident than they did
last year—when they felt pretty darn confident.
There’s simply no denying they’re very satisfied
with their firm’s overall financial performance
in 2016, and are especially giddy about the fore-
casts for the year ahead.
Most say they’re coming off an outstanding
year and words like “optimistic,” “momentum,”
“extraordinary” and “exceptional growth” were
commonplace in our interviews. Some firm
leaders are even reporting growth above 20
percent in 2016. Not too shabby.
The going—and growing—is good, but economists point out that we’re most likely still in
slow-growth mode and the global economy will
continue to have to settle for growth below 3
percent. But consulting firm leaders are seeing
no signs of a slowdown as they continue to report