Last quarter, just 36 percent of respondents to our global executive survey cited the pandemic as a risk to domestic growth over the next year—the smallest share to say so since we began asking in March 2020. That figure is now up to 49 percent, thanks to the spread of the variant. But in Latin America, domestic political conflicts are weighing more heavily on sentiment.

In most parts of the world, the COVID-19 pandemic poses the biggest risk to domestic growth.
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To read the survey, see “Economic conditions outlook, September 2021,” September 29, 2021.