Thanksgiving 2025: What’s cooking in the global economy?

This Thanksgiving, family, friends, and colleagues may be feeling the ripple effects of an ever-changing and imbalanced global economy: shifts in food prices, shopping behaviors, travel patterns, and the labor market, to name a few.

While the world’s wealth reached its highest level ever at $600 trillion, paper gains powered its rise and every $1 in investment generated $2 in debt. To help businesses and leaders navigate an era of uncertainty and divergence from historical global balance sheet patterns, the McKinsey Global Institute explores four scenarios modeling different levels of growth, wealth, inflation, and interest. Explore the 74-page report and more.

Out of balance: What’s next for growth, wealth, and debt?

Global Economics Intelligence executive summary

The power of one: How standout firms grow national productivity

In a moment of tariffs, can the world find balance and trust to thrive?

Tariffs and global trade: The economic impact on business