Insights
Navigating tariffs: Maintaining mid-market resilience amid ongoing uncertainty.
Navigating tariffs : Maintaining mid-market resilience amid ongoing uncertainty. At the close of 2024, mid-market businesses were riding a steady wave of optimism. According to Grant Thornton's International Business Report (IBR) research 54.6% of mid-market firms planned to increase their exports, with a similarly strong 50.3% expecting revenue growth from international markets. However, as we entered 2025 trade tensions escalated, with optimism experiencing its first notable dip in two years (down 2.9pp to 72.7%). Despite these early signs of caution emerging among mid-market leaders though, the underlying fundamentals – rooted in agility and strategic foresight – remained relatively robust.