WHO TOOK THE
FIRM SIZE (EMPLOYEES)
TYPE OF FIRM
More than 10,000
5,000 to 9,999
251 to 999
1,000 to 4,999
Less than 250
Continued positive economic momentum
combined with a massive corporate tax cut
coming (although that tax cut wasn’t a reality
for the majority of the time the survey was out
in the field) leads to an upbeat and bullish forecast among consulting executives. Sprinkle in
a dash of healthcare upheaval and increased
infrastructure spending on the horizon, and the
results speak for themselves.
Of course, it’s not always so cut-and-dried.
The economic engine that will keep the good
times rolling is influenced a great deal by
what happens in Washington… and maybe
even what happens on Twitter.
And, as we’ve seen plenty of times before,
what we think will happen probably won’t.
Global unrest, international (nuclear) threats,
domestic dissatisfaction and pending inflation could be wet blanket over what most expect to be a booming economy.
The results of our survey may just be a tad
overly optimistic as most economists point
out that we’re most likely still in a relatively
slow growth mode and the global economy
will continue to have to settle for growth below 3 percent.
The same will also be true of the U.S. economy, despite President Trump’s promises to the
contrary. But there’s really no way to dampen
the optimism that’s prevalent right now when
you look at survey results.
Consulting asked firm leaders about their
business over the last 12 months, as well as
what they’re expecting in 2018. The research
was conducted in November and December
with more than 130 Managing Directors,
Partners and Vice Presidents weighing in.
Comparing last year’s projections with this
year’s reality is always a good place to start.
For the year that just ended, a staggering 97
percent of executives said they experienced
real revenue growth, even higher than the
whopping 94 percent that predicted it in last
And 72 percent said that the growth was