SME Business Outlook 2026

HLB InternationalResearch

The world’s Small and Medium Enterprise (SME) leaders head into the second half of the 2020s with something that shouldn’t be taken for granted: genuine confidence. Despite mounting pressure across technological, economic, and political fronts, leaders remain confident about growing their businesses and making them profitable. Here we unpack our latest SME data from the HLB Survey of Business Leaders.

IPO Watch Australia: Signs of improvement

HLB InternationalResearch

While initial public offering (IPO) activity in Australia remained subdued throughout 2025, the latest HLB Mann Judd IPO Watch Report shows there were encouraging signs of recovery as the year progressed, pointing to a potential uplift in the Australian Securities Exchange (ASX) IPO market in 2026.

HLB Survey of Business Leaders 2026: European outlook – Competing under pressure

HLB InternationalResearch

European leaders enter 2026 with measured optimism. Only 40% expect the rate of global growth to increase, around 1.5 times lower than the global average. This wariness stems from operating conditions that remain tough, testing both financial strength and long-term decision-making. Discover more from the HLB Survey of Business Leaders 2026

HLB Survey of Business Leaders 2026: APAC outlook – Growing with intent

HLB InternationalResearch

The Asia Pacific (APAC) region enters 2026 in a position of relative strength. Regional GDP growth outperformed expectations in 2025, driven by strong exports and sustained digital investment. 41% of leaders say they are very confident in their ability to grow revenue this year. Discover more from the HLB Survey of Business Leaders 2026.

HLB Survey of Business Leaders 2026: LATAM outlook – Recalibrating for 2026

HLB InternationalResearch

Optimism is returning across Latin America. Nearly one and a half times more leaders now expect global growth to accelerate, and confidence at the firm level has strengthened sharply. Almost half say they are very confident about revenue growth this year, more than double last year’s level. Discover more from the HLB Survey of Business Leaders 2026

Navigating volatility: Early findings from the HLB Survey of Business Leaders 2026

HLB InternationalResearch

Each year, our HLB Survey of Business Leaders gives us an in-depth view into the mindset of global executives, how they perceive risks and where they see organisational opportunities. What we’re seeing in the early findings for 2026 is a business landscape defined by heightened exposure to risk, yet also strengthening confidence and strategic resolve