McKinsey Global Institute @McKinsey_MGI
We provide a fact base to aid decision making on the economic and business issues most critical to the world. mckinsey.com/mgi Global Joined August 2011-
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Without #generativeAI, MGI research estimated #automation could take over tasks accounting for 21.5% of the hours worked in the US economy by 2030. With it, that share has now jumped to 29.5% Our research: mck.co/USgenAI
The geometry of global trade is changing—and this reconfiguration will involve trade-offs. Learn how business leaders can position their organizations for uncertainty ▶️ mck.co/GeopoliticsTra…
Hybrid and remote work tends to be “a very elite thing” and available primarily to workers with advanced degrees. “So the more that the future is Zoom oriented, it’s likely to be a force that only increases inequity,” notes @Harvard economist Ed Glaeser. mck.co/EdGlaeser
Why has #productivity growth been declining in advanced economies? A marked and persistent decline in the growth of capital per worker after the global financial crisis explains half of the productivity slowdown in the US, Germany, the UK, and Japan. mck.co/productivity20…
What drives #productivity growth? MGI research shows that capital per worker growth is the key driver. In fact, "as much as 70% of India’s productivity growth is explained by growth in capital per worker," reports @businessline. mck.co/3Uzqnzd
Generative #AI has the potential to change the future of work. Which jobs will be in demand? Which ones are shrinking? And which ones could be hardest to fill? Find out: mck.co/USgenAI
Seven states—California, Colorado, Massachusetts, New York, North Dakota, Texas, and Washington—provide nearly one-third of America’s jobs and 40% of GDP. mck.co/USproductivity
Here are three takeaways from McKinsey’s new Global Economics Intelligence report: 📍Consumption continues to be resilient, except in Europe 📍Central banks hold interest rates steady 📍Business survey respondents show increased confidence in economy mck.co/4bfem7P
Brace for potential scenarios: elevated inflation, sluggish growth, or Japan-like bubble burst. 🌟 The best outcome? Accelerate productivity for strong growth and balance sheet health: mck.co/GBS2023
How does developing talent affect financial returns for firms? 🔎Our new research finds that companies with a dual focus on developing human capital and managing it well have a measurable performance edge. mck.co/PerformancePeo…
How much is there to gain economically if we address the women’s health gap? MGI director @KweilinE joins The @McKinsey Podcast➡️ mck.co/49Vr0HO
Large companies in #Africa can unlock $550 billion in growth by 2030; opportunities in services, oil and #gas, and mining and metals abound, according to our latest analysis. Read more: mck.co/AfricaGrowth
Emerging economies in the ‘fast lane’ of productivity growth have narrowed the gap with advanced economies, with China and India at the forefront. What's behind this rapid progress? Our new research lays out five key elements ➡️ mck.co/productivity20…
Growth, inclusion, and sustainability are connected, often complementing one another but sometimes pulling in different directions. Raise the bar for sustainable and inclusive growth ➡️ mck.co/empowerment
Findings from MGI research indicate that demand for retail space in cities in 2030 will be as much as 22% lower than 2019 in a moderate scenario. Economist Ed Glaeser joins Forward Thinking to discuss the postpandemic “hangover” cities are feeling today: mck.co/EdGlaeser
Europe has a strong record on sustainability and inclusion, but it faces new pressures on its competitiveness in 7 key dimensions. Left unaddressed, €500 billion to €1 trillion of European value added could be at stake annually by 2030. Learn more▶️ mck.co/AcceleratingEu…
How does developing talent affect financial returns for firms? Our research is clear: Companies that successfully develop people and manage them well can gain a long-term performance edge 🏆mck.co/PerformancePeo…
Global trade profiles are constantly evolving. For instance, Vietnam's trade has transformed in a decade, with electronics now its biggest export. Explore how exports and imports have changed in different sectors and among trade partners over time ➡️ mck.co/tradecompositi…
‘Fast-lane’ regions like China, Eastern and Central Europe, Advanced Asia, and North America have experienced significant productivity growth. Latin America and sub-Saharan Africa have lagged behind, remaining below the productivity frontier. Learn more➡️mck.co/productivity20…
How can Europe be more competitive? Europe needs to set ambitious goals and make strategic choices, such as doubling corporate R&D budgets, cutting the cost of power and gas, and accelerating reskilling and talent attraction. Learn more ➡️ mck.co/AcceleratingEu…
McKinsey & Company @McKinsey
646K Followers 1K Following Since 1926, the trusted advisor to the world's leading businesses, governments, and institutions. 130+ offices in 65+ countries.
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McKinsey & Company @McKinsey
646K Followers 1K Following Since 1926, the trusted advisor to the world's leading businesses, governments, and institutions. 130+ offices in 65+ countries.
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5K Followers 4K Following President of @eRepublic | @GovTechNews | @Governing | Eisenhower Fellow | Helping government and industry embrace the future with #govtechIn our recent report about global productivity, there is an underrated chart, somewhat buried. It shows, in a simple way, how China and India have experienced extremely fast growth, but nothing exceptional compared to what Japan, Korea or Singapore did in the past. Granted, these…
Nueva publicación, en la que mis coautores de McKinsey Global Institute y yo analizamos el crecimiento de la productividad laboral global en los últimos 25 años – incluyendo economías avanzadas y emergentes. Aquí está el link: mckinsey.com/mgi/our-resear…. Y aquí va un resumen del…
Global average productivity growth over the last quarter century was 2.3%, while median economy productivity jumped 6-fold. China and India drove half of the growth. Some developing regions grew slowly, at or below advanced economy rates, failing to converge at all
New @McKinsey_MGI report out! My colleagues and I study productivity growth over the last 25 years, covering the entire planet – including advanced and emerging economies. Link link to the full research: mckinsey.com/mgi/our-resear… Here's a summary of the report in 12 tweets🧵
Launched now: MGI's new report on global productivity, which I co-authored. Get the full report here👉mck.co/productivity20… Here are the highlights in a 🧵including our solution to the mystery of why productivity growth decelerated after the financial crisis
Covered this in my latest Forbes column: Asia's business leaders are optimistic about the region's prospects, but they recognize that they will need to adjust to changing dynamics and geopolitics. mckinsey.dsmn8.com/FSyE4JrxR3
Our first session of #CHTrade explores what's on the horizon for global trade, with: ▪️ @ignaciobercero, @EU_Commission ▪️ @J_A_Hillman, @GeorgetownLaw ▪️ Aladdin Rillo, @ERIAorg ▪️ Olivia White, @McKinsey_MGI ▪️ Chair: @remkorteweg, @Clingendaelorg #CHEvents
The future of work in America is changing rapidly due to automation, federal investment, and structural shifts. 📍 Which jobs will be in demand? 📍 Which ones are shrinking? 📍 And which ones could be hardest to fill? Find out from @McKinsey_MGI: mck.co/USgenAI
Since the pandemic, office space is plentiful and residential #RealEstate supply is inadequate in many global cities. Yet, even if all excess office space were converted into housing, the amount of residential space would grow by less than 3%. Learn more➡️mck.co/RE2023
Women spend 25 percent more years in poor health than men. Addressing the root causes of the women's health gap would unlock an average of 7 additional days of higher quality life annually for the 3.9 billion women worldwide. mckinsey.dsmn8.com/Fbj0TTFwB1
#Trade in concentrated products, from laptops to iron ore continues to bind economies. @McKinsey_MGI finds early evidence of trade reconfiguration by some players, and signs that more may be to come. Explore the report ➡️ mck.co/GeopoliticsTra…
New episode of the #FutureofAsia podcast sees @McKinsey_MGI's Chris Bradley and Jeongmin Seong discuss how Asia sits at the center of global changes, and why the region is poised to lead the way in a new era of growth. Listen: mck.co/4bCwzgw #FoA #AsiaCuspOfANewEra
#Hybrid work is here to stay, but office attendance varies by industry. In large firms in the knowledge economy—like professional services, information, and finance industries—employees tend to go to the #office fewer days per week. Learn more ➡ mck.co/RE2023
The future of global #trade is evolving, with shifts in trade patterns and reconfiguration on the horizon. Discover the changing geometry of global trade🌍mck.co/48dHYk9
Just published my Forbes column on how jobs and skills are changing for jobs in the U.S. In this oped, I share the magnitude of some of these changes and how individuals and companies will need to adapt to succeed. mckinsey.dsmn8.com/2KSBHWeFGa
The @wef ’s latest report with McKinsey Health Institute finds that addressing the women's #health gap can help the world’s 3.9 billion women live healthier lives–and boost the global economy by more than $1T annually. Explore the research: mckinsey.com/mhi/our-insigh…
A great new contribution from my @McKinsey_MGI colleagues. I especially like their metric “geopolitical distance” which measures how far goods travel across the space of political affiliations (a: a long way!)
Global trade relationships are reconfiguring 🚢🔀 Learn how this reconfiguration may evolve and what it means for business leaders ▶️ mck.co/GeopoliticsTra…
In this geo-economic era, #Europe faces new pressures on its competitiveness in seven dimensions—from #energy to supply chains to talent. Left unaddressed, €500 billion to €1 trillion of European value added could be at stake annually by 2030▶️ mck.co/AcceleratingEu… #wef24
How does developing talent affect financial returns? Companies that invest in human capital achieve more consistent earnings and have greater resilience during crisis. They also improve their talent retention, employee loyalty, and reputation. Read more: Mck.co/PerformancePeo…
Research from the @McKinsey_MGI finds that the bulk of AI-induced job losses will affect women without college degrees because those women disproportionately populate the entry-level jobs likely to be most affected by automation. brookings.edu/articles/ai-po…
Trends for United States
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