Compared with 2023, executives and managers this year are more optimistic about where the global economy is headed, according to the latest McKinsey Global Survey. Yet, while those surveyed say that the conditions in their home country are improving, a higher proportion compared with March anticipate their unemployment will increase. A bigger share of respondents in Greater China compared with other regions noted this sentiment, though there are also fast-growing concerns elsewhere in the world, report senior partner Sven Smit and coauthors. Compared with the March survey results, the biggest increase is seen in Asia–Pacific, while India was the only country where a smaller proportion of respondents expect unemployment to rise.
To read the survey, see “Economic conditions outlook, June 2024,” June 27, 2024.