A record number of survey respondents now fear geopolitical instability poses a threat to economic growth, both domestically and globally. A McKinsey & Company article.
Source: www.mckinsey.com
"After identifying geopolitical instability as a top risk to global growth for three successive surveys, executives now also cite it most often as a threat to both near- and long-term growth in their own economies. In fact, since we first asked about geopolitical risk, the threat it poses to economic growth has hit record levels in McKinsey’s newest survey on economic conditions. This increase also reflects respondents’ growing concern about volatility in the Middle East and North Africa. While they have been mostly bullish about the global economy since December 2013, executives are far less optimistic now. Only 39 percent expect global economic conditions will improve in the next six months, compared with 59 percent in our June survey."
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