It’s hard out there to grow a business.
One chart from Societe Generale shows the scope of the slowdown in revenue growth. According to the Equity Strategy team, firms are not only facing an earnings recession, but revenues are also sinking as well.
Around the world, lacklustre growth has people saving more and spending less. Add it all up and you’ve got no one’s revenues growing.
According to SocGen’s breakdown, the phenomenon is worldwide. Companies in the US, UK, Japan, and Europe are all struggling with what SocGen called “anemic” growth, and in some cases revenue growth is actually negative.