Small businesses affected by the international instability - Danish owner-managers halves their expectations
The results from the auditor company PwC's latest owner-manager analysis shows that danish owner-managers have grown remarkably more pessimistic over the past year. Last year the owner-managers expected a growth-rate of 57 % when looking 3 years ahead, this year the growth expectations for 2017 are down to 32 %.
Partner in PwC Poul Spencer Poulsen explains the more modest growth expectations with the lately international turmoil:
"Europe and the US' problematic relations to Russia, the great economic recovery which have not shown its face yet, declining markets - all of this create uncertainties for the small and middle-sized companies. They hold on to existing markets and products and hesitate to expand to foreign markets."