Companies See Better Economy in Long Term

Many companies all over the world are begining to plan for the long term, according to a McKinsey & Co.

“For the first time in a year, more respondents expect their companies’ profits to rise than fall in the near term,” McKinsey says. “What’s more, executives remain skeptical about the economic health of their countries.”

Other findings:
>> A third of all respondents say that their companies are in crisis.
>> Many expect the globalization of financial and other markets to resume after slowing notably in 2009.
>> They also foresee a stronger government role in their industries and economies over the next five years.
>> Nearly three-quarters expect their companies to be in a stronger position in five years than they were before the crisis.
>> Fifty-four percent say that governments should scale back — but not stop — their support for economies.
>> The executives think that their industries will be more consolidated and innovative—but will grow more slowly.
>> Twenty-six percent think that their companies will increase the size of the workforce over the next six months.
>> Respondents from manufacturers are likelier than those from companies in other industries to say that their companies are decreasing the size of the workforce and significantly less likely to expect a higher profit boost.

For more information, visit the Website www.mckinsey.com.

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