McKinsey Global Institute’s Post

Help wanted: Charting the challenge of tight labor markets in advanced economies: For almost two decades, labor markets across advanced economies have tightened—and the trend is set to continue. This article provides a data-driven look via charts to understand the implications. http://dlvr.it/T8nZRp #OurResearch #MGIResearch

Labour markets in advanced economies are tighter than they have been in decades—and the trend is set to continue. What does that mean for Canadian businesses and workers? Explore labour market trends across 30 advanced economies, in the newly launched McKinsey Global Institute report: mck.co/laborshortages

Labor markets across advanced economies have tightened, and the trend is set to continue. Here is a data driven look to understand implications.

Discover PGIM's latest research on the 'Transformation of Labor Markets': https://lnkd.in/gabxMyg4. The era of abundant labor is over and the forces reshaping global labor markets will impact wages, productivity, unemployment, economic growth, inflation and fiscal deficits – creating a new roster of winning and losing industries and countries. #labormarkets #megatrends #unemployment #inflation #growth

📊 The German economy continues to face challenges, with a prevailing gloomy mood among businesses. The recent DIHK #EconomicSurvey reveals a mixed picture: while 28% of companies report a good situation, 23% are struggling. Despite some bright spots, such as a decrease in negative business #expectations and a slight recovery in the global economy, the overall sentiment remains cautious. Key findings include: ⚠️ Domestic demand has overtaken energy costs as the top business risk. 📈 Investment and hiring intentions are weak, with modest growth in industrial export expectations. 💰The financial situation for many remains problematic, with no expected economic dynamism this year. What is your perception of the current economy? Comment below 👇🏼 #GermanEconomy #BusinessTrends #EconomicInsight

In this video: Market performance | World economy | Employment | Productivity | Inflation https://lnkd.in/gam-QEYn

Have economists over-emphasized the role of productivity and under-estimated the importance of capital accumulation for economic #growth? I increasingly tend to think so. And a recent article in the 'Journal of Economic Perspectives' also concludes that weakness in investment is a major cause of the recent slowdown of growth in output per worker in advanced economies. Worth reading: https://t.co/b71IhYjK9i

The range of possible economic outcomes is wide The global economy has remained resilient in an environment of high interest rates, elevated inflation, and economic uncertainty. Against this backdrop, global growth estimates have been revised slightly higher. In its latest World Economic Outlook report, the International Monetary Fund (IMF) raised its forecast for 2023 global real gross domestic product (GDP) growth to 3.0% from 2.8% previously (Fig. 1). Although some countries, like Germany, have seen their GDP growth forecasts lowered since April, improved outlooks for other advanced economies have more than offset this.

Confidence in the Global Economy, by Country: https://ow.ly/ZlTI50QONrE

Market returns were mixed over the last week as labour market data in the US surprised on the upside whilst Europe narrowly avoided a recession. Chinese markets suffered their largest weekly fall in over 2 years as investor pessimism about the economic growth outlook heightens. Read more > https://lnkd.in/eZvzidHh #investmentplanning #financialplanning #markets