Economic outlook report – September 2024
For the first time since March 2020, surveyed executives perceive the global economy as stable rather than improving. The latest McKinsey Global Survey indicates a more cautious outlook from respondents regarding both global and domestic economies compared to previous quarters; however, a plurality still anticipates improvement in the next six months.
Geopolitical instability continues to be viewed as the primary risk to growth, while political transitions have emerged as the second-most cited threat amid an election year that will see nearly half of the world’s population voting.
In terms of long-term risks over the next decade, geopolitical instability is regarded by all regions as the leading global threat. Concerns differ regionally, with Greater China focusing on energy issues and North America emphasizing government-related challenges.
