Saturday, April 12, 2008

Economic and hiring outlook, Second Quarter 2008


* A strong majority of executives around the world expect a slowdown in the United States to have a negative effect on their national economies, according to the latest McKinsey Global Survey on economic conditions. And nearly 90 percent report at least a moderate linkage between those economies and the US economy.
* Outside China, India, and other developing markets, far more executives say that the linkage between their national economies and the US economy has loosened rather than tightened over the past three years.
* Overall, respondents expect economic conditions in their countries and industries to deteriorate in the near term: inflation fears have risen, and hiring prospects are creeping downward.

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