McKinsey – Economic Conditions Outlook, Dec 2025

This report provides an outlook on global economic conditions as of December 2025 based on a McKinsey Global Survey of executives.

The report highlights an optimistic shift in economic sentiment, with declining concerns over trade policy risks and increased confidence in companies’ prospects. It notes geopolitical instability as a growing risk but emphasizes executives’ positive near-term economic expectations and prioritization of customer and technology investments over macroeconomic concerns. For the first time in 2025, more respondents expect economic conditions to improve in the next six months than to worsen, with improved views on their own countries’ economic conditions.