![]() ![]() ![]() The survey content and analysis were developed by Jeffrey Condon, a senior knowledge expert in McKinsey’s Atlanta office Krzysztof Kwiatkowski and Vivien Singer, both capabilities and insights experts at the Waltham Client Capabilities Hub and Sven Smit, the chair and director of the McKinsey Global Institute and a senior partner in the Amsterdam office. In a change from June, volatile energy prices have superseded supply chain disruptions as the third-most-cited risk. For the third quarter this year, geopolitical instability and conflicts remain the most-cited risk to global economic growth, and inflation remains the second-most-cited threat. Pessimism about the global economy remains consistent with the previous findings, with about half of respondents expecting global conditions to weaken in the next six months. the COVID-19 pandemic remains the most reported risk, cited by nearly half of respondents for the second quarter in a row. ![]() In Greater China, 2 Includes respondents in Hong Kong and Taiwan. In Europe, volatile energy prices and inflation are the growth risks cited most often, with geopolitical instability or conflicts a more distant third. In all locations but Europe and Greater China, inflation is the most-cited threat to respondents’ economies over the next 12 months (Exhibit 1). To adjust for differences in response rates, the data are weighted by the contribution of each respondent’s nation to global GDP. 1 The online survey was in the field from August 29 to September 2, 2022, and garnered responses from 1,247 participants representing the full range of regions, industries, company sizes, functional specialties, and tenures. In September, respondents in most regions cite inflation as the main risk to growth in their home economies for the second quarter, according to the latest McKinsey Global Survey on economic conditions. ![]()
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