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As the year has progressed, business leaders have grown increasingly confident about their prospects. According to data from the latest International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, optimism among business leaders has risen during 2023.

The Grant Thornton International Business Report (IBR) is the world's leading survey of middle-market companies. It was first launched in 1992 in nine European countries, and now interviews around 10,000 senior executives in more than 140 economies each year, providing insights into organizational health and issues affecting both private and listed companies.

Finally, the fourth key insight from the data looks at how business leaders are working to increase productivity. Identifying the areas for investment that will be most effective for bringing about growth and allowing them to stay one step ahead of their competitors.

Entrepreneurial spirit maintains optimism as firms look past slowdown and plan for growth. Business leaders across the globe began this year with a sense of caution. According to data from the International Business Report (IBR), Grant Thornton’s global survey of mid market companies, optimism among business leaders had fallen to 59%, down from a recent high of 70% at the end of 2021.