Economic Conditions Snapshot, September 2017: McKinsey Global Survey results  

12 October 2017:

 In a broad display of economic optimism, for the first time in six years, a majority of respondents to McKinsey’s latest survey on economic conditions say their home economies are on the right track.1 Moreover, nearly as many respondents expect their economies to continue improving in the months ahead. The buoyancy is especially pronounced in developed economies, where respondents’ current views on domestic conditions surpass by far what, earlier this year, they expected would be the case now. Their views on the world economy also remain more positive than negative. But in respondents’ estimation, geopolitical instability and asset bubbles have become more pressing risks to near-term global growth in the time since our previous survey.

As for the long term, geopolitical instability remains top of mind as a risk to the global economy—carrying associated risks at the company level. In this survey, we asked for the first time about the effects of long-term trends and global forces on respondents’ companies. It is perhaps not surprising that more than half of respondents believe the cumulative effects of technological innovation will have the greatest effect on their business over the next ten years. But they also place policy decisions and geopolitical and digital risks among the top-three trends.

At home, economic optimism reach a six-year peak

Respondents are more bullish about economic conditions in their home economies than they were in the previous survey—a trend that has persisted for all of 2017. This marks the first time since March 2011 that a majority of respondents report improving domestic conditions. On average, 54 percent say economic conditions are better now than they were six months ago, which surpasses expectations from six months ago, when 43 percent of respondents expected improvements by now.

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Source:McKinsey

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