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Economic conditions snapshot, December 2008: McKinsey Global Survey Results
Executives have become markedly more pessimistic about their companies’ prospects over the past month, and their already gloomy views on their countries’ economies have intensified, according to a recent McKinsey survey.1 Just over half expect deflation in the first quarter, and the economic downturn appears to have begun hitting developed markets harder over the month, with much higher proportions of executives in those countries saying conditions have gotten “substantially worse.”
20/Jan/2009