Two-thirds of global executives expect a moderate or significant contraction in the world’s economy over the next six months, with a record number believing company profits will decline, according to McKinsey & Co.’s The coronavirus effect on global economic sentiment, a McKinsey global survey.
The latest survey, conducted April 6 to April 10, revealed economic sentiment had worsened considerably compared with the firm’s survey a month earlier, which was conducted from March 2 to March 6. In the April survey, 27 percent of respondents expected a significant contraction in the global economy in the next six months, with 39 percent believing this contraction will be moderate and 7 percent saying it will be minimal. In the March survey, these figures were 5 percent, 37 percent and 33 percent, respe
