Pandemic now an ‘also-ran’ in economic worries

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.

Supply-chain disruptions, inflation, and labor shortages emerge as risks to domestic growth as concerns about the COVID-19 pandemic recede.

To read the survey, see “The coronavirus effect on global economic sentiment,” October 29, 2021.