Inflation and supply-chain disruptions have overtaken the COVID-19 pandemic itself as the biggest potential hindrance to domestic and corporate growth, according to executives in the latest McKinsey Global Survey. Only a quarter of respondents now say the pandemic is the most significant risk to domestic growth in their countries, compared with half who did so in September 2021.
To read the survey, see “The coronavirus effect on global economic sentiment,” October 29, 2021.