📍The ECB cuts rates by 25 basis points as other central banks hold 📍Survey respondents remain cautious amid global uncertainty 📍The EU adds tariffs on China EVs More in the latest Global Economics Intelligence: https://mck.co/3LNsevd
McKinsey Global Institute
Think Tanks
Washington, DC 93,933 followers
We provide a fact base to aid decision making on the economic and business issues most critical to the world.
About us
We provide a fact base to aid decision making on the economic and business issues most critical to the world’s companies and policy leaders.
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http://www.mckinsey.com/mgi/
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Is Europe’s competitive model ready for a new era? Jan Mischke from the McKinsey Global Institute explains how Europe is facing new challenges in seven key domains: innovation, energy, supply chains, capital, talent, size, competition, and markets. Our research offers a fresh perspective on competitiveness and economic performance in Europe ➡️ mck.co/AcceleratingEurope
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🚨 Live now: Leading experts examine labor market conditions in advanced economies, highlighting dynamics across sectors and occupations, future supply trends, and strategies to mitigate labor shortages. Watch below ⬇
Charting the challenge of tight labor markets in advanced economies
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Economic empowerment is not just an issue for developing economies. Although higher income economies have a much larger share of their population able to fully meet their basic needs, the effect economic growth has on improving empowerment outcomes fades out in these economies. Even the wealthiest economies have not lifted the last 20% or so of the population above the empowerment line. Addressing affordability may help. Learn more ➡️ mck.co/affordability
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How can small businesses become more productive? Learn how business interactions and the right economic fabric can create a win-win for businesses of all sizes ➡️ mck.co/msme
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Large European companies invest €700 billion less than US companies. The gap is evident in every sector except the materials and automotive sectors but is particularly pronounced in technology, energy, and industrials. Our report ➡️ mck.co/europeinvestment
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Current labor shortages aren’t impacting all sectors equally. Sectors such as healthcare and construction are finding it challenging to recruit the workforce they need. Others like finance and real estate have attracted workers at a faster pace than their demand for labor. New MGI research examines the impact of labor shortages on various: mck.co/laborshortages
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Which tech trends matter most for companies in 2024? The extraordinary uptick in investment in #genAI is unlocking innovative possibilities across interconnected trends like robotics and immersive reality. New analysis by the McKinsey Technology Council: mck.co/TechTrends2024
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How does productivity growth vary across regions and countries? We explore how productivity has fared in 125 countries over the last 25 years and why it’s stalled since the global financial crisis. Advanced economies (Western Europe, North America, and Advanced Asia) have averaged less than 1% productivity growth. Emerging economies have been catching up with advanced economies at different speeds, which we label "lanes" based on their productivity growth rates: ◾ Fast lane (China, India, most of Central and Eastern Europe) with 6% growth ◾ Middle lane with 2.1% growth ◾ Slow lane (largely from Latin America and the Caribbean, sub-Saharan Africa, and the Middle East and North Africa) with 0.3% growth Learn how economies can switch to the fast lane ▶️ mck.co/productivity2024
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Which skills could be in high demand by 2030 and which may see a decline? 🏥 📏 As demand for workers in STEM and healthcare rises, there's a pressing need for a major skills upgrade. Tech skills could see a 25-29% increase in demand by 2030. Social and emotional skills could rise by 11-14%. Amid tightening labor markets and a slowdown in productivity growth, Europe and the US are facing upheavals in job demand, accelerated by artificial intelligence and automation. Our research explores the implications for the future of work ➡️ mck.co/deployai
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