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You are here: Updates > February 2013 > Richmond Events’ Business Panel Report - Economic Outlook

Richmond Events’ Business Panel Report - Economic Outlook


The annual economic outlook survey from the Richmond Events’ Business Panel is now available.

Headline findings include:-

  • Government’s handling of the economy: 3% rate the government’s handling of the economy as very good, 44% as acceptable, 41% could have been better and 8% as shocking.
  • Interest rates: the panel predicts interest rates will be at (average) 0.8% in 1 year’s time and 1.65% in 3 years’ time.
  • Growth: Not a single respondent expects the economy to grow significantly over the coming year, whilst 30% expect it to grow marginally. A further 52% expect it to stay much the same as it is now, whilst 16% expect it to shrink a little and 2% shrink a lot.
  • Headcount: 25% of organisations have increased headcount over the last year. The number who have reduced headcount, and may do so again, has fallen slightly: 34% to 31%.
  • Turnover: just under half expect their turnover to increase, with a further third expecting it to remain the same. As a result, those who feel their turnover will probably reduce comprise only 13% of the panel.
  • Profit: Less than half the panel feel their organisation’s profit will increase in 2013, slightly down from last year. 14% feel their profits will fall this year - 5% less than last year. 4% are undecided.

For a full copy of this free report, please contact David Clark.
 




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