With today’s geopolitical instability, inflation, and supply chain disruptions, economic pessimism is on par with the early months of the pandemic. According to a recent McKinsey survey, most Asia–Pacific and Greater China respondents are optimistic their economies will improve through 2022—although overall optimism has declined—whereas those in Europe and North America are more pessimistic, bracing for the worst.

Gloomy economic view
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To read the article, see “The coronavirus effect on global economic sentiment,” June 29, 2022.