Middle-market firms here upbeat: Poll

9 in 10 expect growth over global average rate of 6%; overseas expansion often cited as key

Singapore respondents in the Ernst & Young survey cite overseas expansion and mergers and acquisitions most often as their growth strategies. The most-cited main external risk was slow or flat global growth, about which more than four in 10 responden
Singapore respondents in the Ernst & Young survey cite overseas expansion and mergers and acquisitions most often as their growth strategies. The most-cited main external risk was slow or flat global growth, about which more than four in 10 respondents here were concerned. PHOTO: LIN ZHAOWEI FOR THE STRAITS TIMES
New: Gift this subscriber-only story to your friends and family

Middle-market firms in Singapore are optimistic, with nine in 10 expecting growth in excess of the global average growth rate of 6 per cent, according to the annual EY Growth Barometer released yesterday.

Middle-market firms are those with sizeable annual revenues that fall centrally within the market in which they operate. Thus, they straddle the middle market between smaller companies and the billion-dollar giants.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on July 26, 2018, with the headline Middle-market firms here upbeat: Poll. Subscribe