McKinsey Global Economics Intelligence

Some leading indicators improved, though outlook still fragile; confidence stable but consumers lean toward saving; inflation and trade volumes continue downward trend.

Leading indicators show signs of a rebound—will it sustain? Confidence potentially returning but consumers remain cautious; inflation persistent in some countries; trade volumes still declining.

Mixed economic picture with patchy positives; consumers cautious but confidence rising; inflation in developed economies decelerates, while producer prices decline; trade volumes down.

Global executives more positive; consumer confidence improving but low; emerging economies rebound; Fed pauses rate hikes as ECB raises rates by 25 basis points; inflation low in India and Brazil.

Consumers slightly more optimistic as inflation stabilizes; developed economies struggle to maintain GDP momentum in face of headwinds; labor markets tight; China rebound slows; India economy positive.

Inflation remains high while trending down; the International Monetary Fund lowered global growth projections to 2.8% for 2023; US banking sector challenges persist; output indicators in services stay strong.

Some economic indicators strengthen amid persisting inflation and investor uncertainty; central banks keep to a tightening course.

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GDP forecasts improve; central banks sustain inflation battle amid cost-of-living crisis; China further eases pandemic restrictions, noting risks.

Industry and consumer activity sags under weight of inflation and higher interest rates; forecasting institutions trim GDP growth projections for 2023.

Growth rebounds in the United States and China; eurozone inflation reaches new heights as tightening continues; energy, climate reports paint a sober picture.

Central banks sustain aggressive policy tightening; industrial activity picks up in emerging economies; financial-markets uncertainty works to strengthen the dollar.

Growth moderates globally in an inflationary environment; the US Federal Reserve emphasizes its tightening course; Europe faces near-term energy volatility.

High energy prices stoke inflation; central banks chart tightening course; supply challenges persist and industry struggles to meet demand.

Amid high inflation, a pandemic, and Russia’s invasion of Ukraine, surveyed economies display considerable resilience; trade is strong, and manufacturing and services continue to expand moderately.

Industry slowed in January amid high inflation and recent pandemic measures; trade remained buoyant; the Russian government’s invasion of Ukraine is causing a humanitarian crisis and economic risks.

Industry and trade in goods grow on strong consumer demand; the pandemic wave, inflation, and geopolitical tensions present risks to faster growth in 2022.

Industry indicators are broadly positive alongside persisting inflation; pandemic restrictions return to Europe; nations recommit to ambitious climate goals.

With rising vaccination rates, surveyed economies are reopening more fully; industry and trade are expanding despite the pandemic’s knock-on effects.

Rapid growth and strong demand bump against pandemic-related disruptions; energy prices surge, but long-term inflation expectations remain moderate.

Industrial activity strengthens and consumer demand returns while inflation accelerates; the pandemic wave worsens significantly

As the global economy emerges from the worst of the pandemic, strong growth returns, accompanied by inflation.

Amid the agonies of a second pandemic year, the recovery gathers further momentum; business leaders and policy makers ponder rising inflation.

A broad economic recovery continues to gather momentum—but against a backdrop of pandemic resurgence and a national crisis in India.

Amid a resurging pandemic, the economic recovery accelerates, pushed forward by demand and output from China and the United States.

Economic recovery is driven by manufacturing and trade, with surging demand from China; vaccination programs make progress, if slowly.

The economic recovery is exceeding expectations, but the pandemic has worsened; vaccination programs and the fight against the virus will dictate further progress.

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