Recently McKinsey released their "Economic Conditions Snapshot, June 2011"
As stated in the survey:
Only 2% indicated "Substantially worse."
Of the other four response categories, the majority indicated "Moderately better" (44%), or "The same" (35%); while 4% indicated "Substantially better." 15% indicated "Moderately worse."
I find these responses to be one more indication confirming that consensus expectations regarding future economic conditions are for that of low growth with (very) little chance of substantial economic weakness.
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1294.28 as this post is written
As stated in the survey:
The aspect that I found most interesting had to do with the North America executives' responses to the question "How do you expect your country's economy to be 6 months from now?"Over the past three months, executives around the world have grown more pessimistic about their nations’ economies: compared with three months ago, a smaller share say their economies improved over the past six months, and slightly more expect worsening conditions over the rest of 2011, according to our most recent survey.
Only 2% indicated "Substantially worse."
Of the other four response categories, the majority indicated "Moderately better" (44%), or "The same" (35%); while 4% indicated "Substantially better." 15% indicated "Moderately worse."
I find these responses to be one more indication confirming that consensus expectations regarding future economic conditions are for that of low growth with (very) little chance of substantial economic weakness.
_____
I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1294.28 as this post is written
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