Economic Conditions Snapshot, December 2019: McKinsey Global Survey results
Respondents’ views on the world economy and their countries’ conditions turn somewhat brighter. Trade tensions remain the most-cited threat to global growth, while social unrest climbs on the list of concerns.
The views of respondents to McKinsey’s latest survey on economic conditions end the year on a somewhat more upbeat note, moving away from earlier pessimism.1 While executives still tend to report negative sentiments, a growing share of respondents see current and future global conditions as stable or improving.
Views on conditions at home are also more tempered overall in this latest survey, as a larger share of respondents say their economies are unchanged from—as opposed to worse than—six months ago.2 In Latin America and in India, where executives are likeliest to report that present conditions have declined, respondents most clearly predict improvement in the months ahead.
Among perceived risks to global and domestic growth, trade conflicts and trade-policy changes remain at the fore, but social and political risks have risen on the list of commonly cited threats. Respondents identify social unrest as a global risk more often than they have all year, and they are more likely now than in the previous survey to say domestic political conflicts and transitions of political leadership are a top threat to their countries’ economies.
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