You are here: Updates > February 2014 > Richmond Events' Business Panel Report - Economic Outlook

Richmond Events' Business Panel Report - Economic Outlook

The latest Richmond Events' business panel report on the economic outlook is now available. Please read on for headline findings and to download the free report.

Headline findings include:-
  • The panel delivers a somewhat mixed verdict on the government’s handling of the economy. However on the plus side for George Osborne, the figures are much more positive than for the previous year.
  • The panel predicts interest rates will be at (average) 0.9% in 1 year’s time and 2.11% in 3 years’ time.
  • 8% of the panel expects the economy to grow significantly over the coming year, whilst 72% expects it to grow marginally (last year these figures were 0% and 30% respectively). A further 18% expects it to stay much the same as it is now, whilst 2% expect it to shrink a little. No one expects it to shrink a lot.
  • 38% of the panel expects their industry sector to perform quite well in today’s economic environment, with a further 4% expecting it to perform very well. Once again a major turnaround from 12 months ago.
  • 52% of the panel expects steady growth for their organisation with a further 11% expecting rapid growth.
  • Interestingly, the panel is far more bullish about the prospects for their own organisations compared to that for their wider industry.
  • In terms of headcount, the number increasing it has risen significantly from last year to just over 35% of the panel, its highest figure in the 5 years we’ve undertaken the survey.
  • Turnover – the figures are up 20% from last year with just under two thirds expecting their turnover to increase.
  • It is a similar story for profit forecasts. 62% of the panel feels their organisation’s profit should increase in 2014, up from 43% last year.
  • The number who expect an increase in their budget for this year has almost doubled from 2013: 20% to 39%.
You can download the full report here.
If you have any questions or would like further information, please contact David Clark.

blog comments powered by Disqus

Recent Comments

Powered by Disqus


. 2012 2017 agencies agency arcadia association Attitudes Aurora BBC BELFOR Bootle brand Bristol budget business career Case Study CDF CDF11 CDF12 CEO change ChangeManagement chemistry Christmas CIO client clients Clifford CLO CLO10 CLO11 coaching Communications competition Conference Confirmed corporate Culture customer David Smith defence Delegate Delegates development digital Digitial Director drp ecommerce Economic Economy education employees engagement Erik EU eurozone explorer FDF11 FDF11. FDF12 Feedback Forum Gamification government growth headcount HR HRF HRF11 HRForum HRL hrl11 HRU14 information in-house Insight internal internet IPA ISBA IT ITD11 ITDF jo Justin Keynote kid King leadership learning Leeds Left Lindkvist London London 2012 M&A Magnus Management Manchester market marketers Marketing Marketing Society Media Metrics Michael MKT11 MKT12 moran neil network Networking new newbiz NHS opportunities Organization Outlook panel Performance Photos Places Planning Pope Portillo post-event PR Press pricing Professional Development Professor profit Qualman quote readership Recognition Recruitment reference referendum referrals Report reputation Research Retail Retention Review Rewards Richmond Richmondevents roadshow Roger Rosie saunders Scotland service Social Social Media sourcing Speakers stats structure Succession supplier Suppliers Swale talent tax testimonial training transport turnover UK Business Panel updates US US Business Panel Utility Warehouse WD-40 welfare Wetherall workshop

Richmond Events on twitter

General Enquiries:

T: +44 (0) 20 8487 2200
F: +44 (0) 20 8487 2300

T: +1 212 651 8700
F: +1 212 651 8701

T: +41 79 417 34 93
F: +41 61 544 74 44


T: +39 02 312009
F: +39 02 3313976

Get in touch

 Security code

© Richmond Events Ltd 1998 - 2011 Registered No. 2693237