The analysts surveyed expect an improvement for most sectors in 2024. The proportion who say their sector is in expansion mode, expecting it to be the case in 12 months’ time, has risen to 61% from 52% previously. They note that most CEOs also expect earnings to grow.
For the first time since the pandemic, more analysts think companies’ cost inflation would fall instead of rise in the year ahead as inflation and labour wages seem to be normalising, according to Fidelity International’s annual Analyst Survey.
The survey, conducted in December 2023 involving 137 analysts from around the globe, found that conditions are settling into place for companies to look towards expansion.
