McKinsey has just published the finding of its global survey of executives, and it shows a startling downturn in sentiment about the direction of the economy.
Back in March, 45 per cent of respondents expected the economy to improve moderately over 6 months. Now, that number is down to 19 per cent. The number that expect it to do moderately worse is up to 42 per cent.
Here’s their chart:
Photo: McKinsey & Company