Economic conditions outlook, June 2026

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<abstract displayLabel="Summary">Based on McKinsey's Global Survey (May 27June 5, 2026) of 786 executives in 77 countries, economic sentiment deteriorated sharply versus the prior quarter, reaching lows not seen since 2022. Most respondents reported worsening global and domestic conditions over the past six months, driven by rising energy prices, inflation, geopolitical instability, and supply-chain disruptions. Near-term expectations are split between improvement and decline. Energy prices and geopolitics are cited as top risks globally and domestically, with inflation resurfacing notably in North America. Companies have reacted to disruptions (e.g., Strait of Hormuz) with both tactical and long-term changes, including supply-chain diversification and footprint adjustments. Investment postures are predominantly defensive or cautious, with fewer aggressive growth bets compared with recent years.</abstract>
<tableOfContents>Assessments of the economy hit yearslong lows, while expectations continued to whipsaw -- Short term, attention turned toward the effect of energy market volatility on countries' economies -- Energy prices continued to rise as perceived risks to growth -- Companies have made changes in response to recent disruptionsand not just for the short term -- Companies' investment approaches leaned more defensive than aggressive</tableOfContents>
<note>Internacional</note>
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<topic>Perspectivas económicas</topic>
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<topic>Coyuntura económica</topic>
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<topic>Datos macroeconómicos</topic>
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<topic>Inflación</topic>
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<topic>Geopolítica</topic>
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