Large European companies invest €700 billion less than US companies. The gap is evident in every sector except the materials and automotive sectors but is particularly pronounced in technology, energy, and industrials. Our report ➡️ mck.co/europeinvestment
McKinsey Global Institute
Think Tanks
Washington, DC 93,890 followers
We provide a fact base to aid decision making on the economic and business issues most critical to the world.
About us
We provide a fact base to aid decision making on the economic and business issues most critical to the world’s companies and policy leaders.
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http://www.mckinsey.com/mgi/
External link for McKinsey Global Institute
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Updates
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Current labor shortages aren’t impacting all sectors equally. Sectors such as healthcare and construction are finding it challenging to recruit the workforce they need. Others like finance and real estate have attracted workers at a faster pace than their demand for labor. New MGI research examines the impact of labor shortages on various: mck.co/laborshortages
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Which tech trends matter most for companies in 2024? The extraordinary uptick in investment in #genAI is unlocking innovative possibilities across interconnected trends like robotics and immersive reality. New analysis by the McKinsey Technology Council: mck.co/TechTrends2024
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How does productivity growth vary across regions and countries? We explore how productivity has fared in 125 countries over the last 25 years and why it’s stalled since the global financial crisis. Advanced economies (Western Europe, North America, and Advanced Asia) have averaged less than 1% productivity growth. Emerging economies have been catching up with advanced economies at different speeds, which we label "lanes" based on their productivity growth rates: ◾ Fast lane (China, India, most of Central and Eastern Europe) with 6% growth ◾ Middle lane with 2.1% growth ◾ Slow lane (largely from Latin America and the Caribbean, sub-Saharan Africa, and the Middle East and North Africa) with 0.3% growth Learn how economies can switch to the fast lane ▶️ mck.co/productivity2024
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Which skills could be in high demand by 2030 and which may see a decline? 🏥 📏 As demand for workers in STEM and healthcare rises, there's a pressing need for a major skills upgrade. Tech skills could see a 25-29% increase in demand by 2030. Social and emotional skills could rise by 11-14%. Amid tightening labor markets and a slowdown in productivity growth, Europe and the US are facing upheavals in job demand, accelerated by artificial intelligence and automation. Our research explores the implications for the future of work ➡️ mck.co/deployai
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Which technology trends matter most for companies in 2024? New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies, including their future, the factors that will fuel their growth, and strategies for investing in them through 2024 and beyond. This year’s tech trends dive into the AI revolution, how to build a digital future, the latest compute and connectivity frontiers, cutting-edge engineering, and a sustainable world. ➡️ mck.co/TechTrends2024
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Labor markets are tighter than ever. In eight advanced economies, the labor surplus has fallen from 24 million to 1 million since 2010. Discover how persistent tightness in labor markets is shaping economic growth: mck.co/laborshortages
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Over the past 25 years, labor #productivity has been a mixed bag—with some regions seeing great success while others have lagged. MGI directors Chris Bradley and Olivia White discuss the ups and downs of global productivity, the challenges in measuring it, and how #generativeAI might be a game-changer in the near future. 🎧 https://mck.co/3LqPxe5
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The extreme poverty line was recently updated from $1.90 to $2.15 per person/day (in purchasing power parity). But as more people exceed it, the world needs another benchmark to track progress toward a higher living standard. Meet the empowerment line: mck.co/empowerment
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Global trade relationships are reconfiguring 🚢🔀 ⏩ Swipe to learn how this reconfiguration may evolve and what it means for business leaders. Read more in the full report ▶️ mck.co/GeopoliticsTrade