Attitude matters: Global economic sentiment is declining
Wondering how business executives around the world are feeling about current economic conditions? In a nutshell, sentiment on the economy is declining, particularly in emerging markets, and more businesses are looking to the United States for opportunities, according to a global survey by McKinsey & Co called Economic Conditions Snapshot, September 2018.
For the third consecutive quarter, the survey’s respondents, who represent the “full range of regions, industries, company sizes, functional specialities and tenures”, are less optimistic on the economy and more cautious for the coming months. A full 35 percent of participants indicated moderately-worse or substantially-worse sentiment regarding current economic conditions in their home countries, up from 15 percent six months ago. And while 36 percent of these respondents believe current conditions are moderately or substantially better, this is down from 59 percent in the March 2018 survey.