The Coronavirus effect on global economic sentiment

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<namePart>Sneader, Kevin </namePart>
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<namePart>Singhal, Shubham</namePart>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">As the COVID-19 pandemic spreads quickly across and within geographies, executives share growing concerns about its economic impactand, varying by region, dramatic shifts in their views since the beginning of March. Responses to our latest McKinsey Global Survey on the economy, conducted from April 6 to April 10, show that overall sentiment is more negative than it was just one month ago: for example, two-thirds of respondents expect a moderate or significant contraction in the world economy's growth rate that is, a recession or a depression. In early March, only 42 percent said the same. And 56 percent say the same thing about growth in their home economies, up from 24 percent one month ago.</abstract>
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