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March 2014—A modern, fast-growing, highly productive economy and a traditional, low-productivity one are pulling in opposite directions, reducing GDP growth and progress in living standards.more
November 2013—Ultra-low interest rates, in part as a result of central-bank policies since 2007, have had a very different distributional impact on governments, corporations, financial institutions, and households.more
April 2012—US cities dominate their host economy like in no other region and will continue to be important players in the urban world, contributing more than 10 percent of global GDP growth in the next 15 years. more
January 2012—Reducing debt in mature economies continues to be a long and slow process. But lessons of history show that with the right reforms during deleveraging, countries can return to robust long-term growth.more
June 2011—To regain full employment—finding work for the currently unemployed and accommodating 15 million entrants into the labor force this decade—the US economy will need to create 21 million jobs by 2020.more
February 2011—To match the GDP growth rates of the past 20 years, the United States needs a 34 percent acceleration in productivity growth to a rate not achieved since the 1960s.more
June 2010—US multinationals represent less than 1 percent of all US companies, yet they contribute disproportionately to the US economy's growth and health in many ways.more
June 2009—Global economic integration and technological advances have combined to produce permanent changes in the skill levels required to flourish in the US labor market.more
March 2009—US consumers are spending less and saving more. Unless incomes grow faster, each percentage-point increase in the saving rate would reduce spending by more than $100 billion—a serious drag on any recovery.more
June 2008—A vast majority of US baby boomers are unprepared for retirement. Enabling them to work longer would benefit both individuals and the economy, but policymakers and business leaders will need to take action.more
June 2007—The US current account deficit could continue to grow over the next five years. However, to reverse the deficit by 2012, a massive dollar depreciation would be required.more
James Manyika speaks with Professor Peter Diamond, nobel prize winner in economics and an Institute Professor, about long-term employment challenges in the United States and how to address them.more
The Mayors of Atlanta and Houston and the Deputy Mayor for Economic Development, City of New York discuss how US cities are positioning themselves to compete globally.more
The Committee for Economic Development hosted a forum to mark the release of MGI's report on jobs and the future of the American workforce.more
Estimated shortage of US college graduates in the workforce in 2020more
The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions.