Slowing economic growth does not infer a recession
Global economic activity has slowed in some of the major economies in 2019, but respondents still expect growth. Only 27% of executives expect a slowdown in the next 12 months, although this rises to 50% when asked about a slowdown in 2021. Today, more than three-quarters of executives (79%) see the media and entertainment sector economy as improving, up from 48% in October 2018. Further, 92% expect the M&A market to improve or remain stable in the next 12 months.
Despite some level of uncertainty about market direction, most media and entertainment respondents are positive in their outlook for the next 12 months, and expect that corporate earnings, short-term market stability, credit availability and equity valuations will further improve in the year ahead.