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API-Topia awaits ✨: Your handbook for platform engineering success
API-Topia awaits ✨: Your handbook for platform engineering success
The road to API-Topia: A platform engineer’s handbook
We're thrilled to present our latest expert guide, The road to API-Topia: A platform engineer’s essential handbook, created in collaboration with industry expert James Higginbotham.
If you're ready to:
- Enhance your team's productivity.
- Streamline development processes.
- Master the art of efficient platform engineering...
This is the ultimate back-pocket resource you need to thrive in a new era of software development. Your journey towards success begins now!
See you there!
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by "Tyk" <communities@tyk.io> - 09:51 - 20 Oct 2023 -
COP 28 is coming: What you need to know
The Shortlist
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Curated by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
It’s that time of year again. As the weather cools in the Northern Hemisphere, our minds turn once again to COP, or Conference of the Parties, the annual climate conference where UN member states discuss progress toward net zero. We understand the challenges of meeting climate pledges, and we’re committed to helping CEOs, both present and future, do the best they can—for their organizations and for the environment. In this edition, we look at some of our best ideas on the energy transition: avoiding disorder, finding out if customers are willing to pay, and more. We hope you enjoy the read.
—Liz and Homayoun
“Go west, young man, and grow up with the country.” That was 19th-century advice to young Americans seeking opportunity. Let’s update it for the 21st century: go west, young people, and lead Western companies and economies to a sustainable future. The West is a chief source of emissions—and opportunities. Two McKinsey reports from 2023 explain the details.
Toward a more orderly US energy transition: Six key action areas, by Gracie Brown, Blake Houghton, Jesse Noffsinger, Hamid Samandari, and Humayun Tai.
Five key action areas to put Europe’s energy transition on a more orderly path, by Tommaso Cavina, Lorenzo Moavera Milanesi, Hamid Samandari, Humayun Tai, and Raffael Winter.
Of course I’m into sustainability. Why, what have you heard? Millions on social media and in casual conversation are quick to hype their green cred. But away from the scrutiny of their peers, will they actually pay more for a product that claims to be sustainable? According to an extensive new study by McKinsey and NielsenIQ, the short answer is yes—and that means a major growth opportunity for consumer-packaged-goods companies that understand the nuanced influence of environmental claims on customer purchase decisions.
For specific insights on how companies can advance environmental, social, and governance (ESG) commitments while pursuing differentiated growth, read Consumers care about sustainability—and back it up with their wallets, by Jordan Bar Am, Vinit Doshi, Anandi Malik, Steve Noble, and Sherry Frey.
Some trees might actually grow to the sky, or thereabouts. Investments in climate technology are still on the rise, defying the headwinds that have affected most capital markets. New regulations such as the US Inflation Regulation Act and EU Green Deal are helping. We estimate the total opportunity at $9 trillion to $12 trillion annually by 2030.
Get in on—or close to—the ground floor with Climate investing: Continuing breakout growth through uncertain times, by Fredrik Dahlqvist, Sean Kane, Lisa Leinert, Maximilian Moosburger, and Anders Rasmussen.
Growing the top line is good. Growing the bottom line is better. And best of all is growth that accrues to the benefit of all stakeholders. Our new research finds that companies that are “triple outperformers”—meaning they grow faster and are more profitable than peers while also improving sustainability and ESG efforts—exceed their peers in shareholder returns.
Hit the trifecta with The triple play: Growth, profit, and sustainability, by Rebecca Doherty, Claudia Kampel, Anna Koivuniemi, Lucy Pérez, and Werner Rehm.
We hope you find our sustainability content inspiring and helpful. See you in two weeks with four more McKinsey ideas for the CEO and others in the C-suite.Share these insights
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by "McKinsey CEO Shortlist" <publishing@email.mckinsey.com> - 03:38 - 20 Oct 2023 -
The future of manufacturing in Africa
On Point
by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:11 - 20 Oct 2023 -
The complication of concentration in global trade
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Global trade explorer
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 04:36 - 19 Oct 2023 -
Redis Can Do More Than Caching
Redis Can Do More Than Caching
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The 6 Most Impactful Ways Redis is Used in Production Systems
The Tech Promotion Algorithm: A Structured Guide to Moving Up
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In the last issue, we explored common use cases with Redis. In this issue, we will go deeper and demonstrate how Redis’ versatile data structures can power more complex applications like social networks, location-based services, and more.
We will walk through practical examples of building key features like user profiles, relationship graphs, home timelines, and nearby searches using Redis’ native data types - Hashes, Sets, Sorted Sets, Streams, and Bitmaps.
Understanding these advanced use cases will provide you with a solid foundation to leverage Redis for your own systems and products. You will gain insight into how Redis enables real-time experiences beyond simple caching.
Social Media
Redis’ flexible data structures are well-suited for building social graph databases, which power the core functions of Twitter-like social media applications. Relational databases can struggle with the complex relationships and unstructured data of user-generated content.
Redis provides high performance reads and writes to support features expected of social apps, allowing a small team to launch and iterate quickly. While Redis may not scale to the volumes of major social networks, it can power the first versions of an app through significant user growth.
Redis enables implementing common social media features like:
User Profiles
User Relationships (friends, followers)
Posts
User Interactions (likes, dislikes, comments, etc)
Home Timeline
Let's explore how Redis supports these capabilities.
User Profiles
In social applications, a user profile stores identity attributes like name, location, interests, as well as preferences. We can represent each user profile as a Redis Hash, where the key is the user ID and the hash fields contain the profile properties.
For example, we can store user Bob’s profile in a hash like:
HMSET user:bob name Bob location "New York" interests "photography, hiking"Compared to a relational model, Redis Hash provides flexibility to easily add new profile properties later without modifying the database schema. We just need to define how to retrieve and when adding more attributes to the user profile, because we don’t need to go through database schema change.
In our application code, we would define how to retrieve and display the profile objects from these hashes. For example, we may only show name and location, or optionally include interests if present.
User Relationships
One of the major functions of a social application is establishing connections between users, like friend relationships or following others to receive their updates. Modeling these connections efficiently in a relational database can be challenging due to the complex graph-like structure of social networks.
Redis provides a more natural way to represent user relationships using its built-in Set data structure. The diagram below shows a comparison of modeling user relationships in a relational database versus using Redis Sets.
In the relational model, we use join tables to represent connections between users. Answering questions about relationships can involve complex SQL queries:
Retrieve all the people that Bob follows or all of Bob’s friends
Retrieve Alice’s friends of friends
For example, to retrieve all of Bob's friends, we would need to query the join table like:
SELECT friend_id FROM relationship_table WHERE user_id = 12345In Redis, we can store Bob's friend ids directly in a Set with his user id as the key. Retrieving Bob's friends is as simple as returning the members of the ZSet.
SMEMBERS {Bob's key}Checking if Alice is in Bob's extended network of friends is also easier with Redis Sets. We can take the intersection of their Sets:
SINTER {Bob's key} {Alice's key}
By avoiding complex join queries, Redis Sets provide faster reads and writes for managing unordered social connections. The Set data structure maps naturally to representing simple relationships in a social graph.
Posts
In social apps, users create posts to share ideas, feelings, and status updates. Modeling this user-generated content can also be challenging in relational databases.
We can leverage Redis more efficiently here as well. For each user, we can store post_ids in a Sorted Set ordered by timestamp. The key can be the user id, and each new post_id is added as a member to the Set.
The post content itself is stored separately in Hashes, with the post_id as the hash key. Each Hash contains attributes like:
user_id
timestamp
message
etc
The diagram below shows how they work together. When a user creates a new post, we generate a new post_id, create a Hash to represent the post content, and add the post_id to the user's Sorted Set of posts.
This provides a natural way to model posting timelines - new post_ids are added to the tail of the Set, and we can page through posts ordered chronologically using ZRANGE on post_ids.
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by "ByteByteGo" <bytebytego@substack.com> - 11:39 - 19 Oct 2023 -
The data speaks—The 2023 Observability Forecast
New Relic
Did you know that outages are happening less frequently YoY with observability? Or that organizations with full-stack observability experience a median outage cost 59% less than those without?
Get the numbers behind the trends in the 2023 Observability Report.
Learn why:
- Observability deployment is skyrocketing, with a 58% YoY increase.
- Full-stack observability correlates to better outcomes.
- Tool fragmentation is decreasing, but the struggle for consolidation continues.
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by "New Relic" <emeamarketing@newrelic.com> - 06:12 - 19 Oct 2023 -
Checking in with the US consumer
On Point
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
A resilient US economy. In the US, a hot labor market is stoking fears that the economy is overheating, which may prompt another round of interest rate increases. Last month, the US added 336,000 jobs, almost double what analysts were expecting, according to a government report published this month. But financial experts and investors are realizing that there’s cause for optimism, as the report also provided some positive signs that price pressures are easing. [Economist]
•
Cautiously optimistic. US consumer optimism in the third quarter of 2023 dropped slightly from the year’s spring highs. Over the summer, 33% of American consumers reported feeling optimistic about the economy, while 44% reported mixed feelings. Optimism about the economy grew the most among baby boomers, while millennials reported the biggest decline in optimism (dropping from 55% in April to 39% in August), McKinsey senior partner Sajal Kohli and coauthors reveal.
•
Slight increases in spending. As inflation continued to cool, both real and nominal spending increased slightly from the previous year. Among the segments we track, the two with the largest real year-over-year spending increases were out-of-home entertainment and cosmetic stores, which showed a 12% and 13% increase, respectively, in real spending compared with the year prior. See our latest ConsumerWise sentiment survey for an update on the state of the US consumer.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:41 - 19 Oct 2023 -
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by "Sunny Thakur" <sunny.thakur@uffizio.com> - 08:00 - 18 Oct 2023 -
Consumers are in charge—and retailers must follow their lead
Re:think
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FRESH TAKES ON BIG IDEAS
ON REDEFINING RETAIL
What new roles can retailers play in consumers’ lives?Becca Coggins
That means that now, more than ever, it’s critical for retailers to truly understand the consumers they serve today and anticipate how consumers’ expectations and behaviors will shift tomorrow. The best retailers are recognizing the complexities of consumer behavior and investing in capabilities that allow them to stay aware of what’s happening, almost in real time. And instead of looking at consumers as distinct segments—as in, “there are segments of consumers who are spending more money and looking to splurge, and there are other segments of consumers who are spending less and seeking value”—the most successful retailers are realizing that, actually, almost every individual customer is doing each of these things. The same consumer is splurging and saving at the same time.
For example, we see that nearly 80 percent of US consumers are trading down—but 40 percent are also finding ways to splurge. They’re most likely trading down and splurging in different categories, but the point is that the same consumer can exhibit both sets of behaviors. Likewise, we see that people are demanding both value and sustainability. So the most astute retailers are developing a more nuanced and dynamic understanding of where, when, and how consumers want to be served.
Generating deeper and more detailed insights about consumers is one thing. Acting on those insights is yet another—and, of course, there are costs involved in doing that. We see the best retailers making bold moves now to create new, complementary profit pools to help fuel their investments in the customer. In other words, they’re starting to build ecosystems and go “beyond retail.”
Retailers are developing their “beyond retail” strategies in more—and more creative—ways. They’re starting to think: What role can a retailer play in providing healthcare? Or in providing telephony and connectivity? Or financial services, travel, or entertainment? How can they become more integrated into consumers’ daily lives? I think we’re going to see many more new and fresh versions of how this ecosystem dynamic actually manifests.“We see that nearly 80 percent of consumers are trading down—but 40 percent are also finding ways to splurge.”
For a retailer to go beyond retail is a complex undertaking, but we know that the industry is ready for it. In fact, the best retailers are already doing it. We’re seeing that most of the economic profit generated in the retail sector is increasingly concentrated among fewer companies—and in many cases, those are the companies introducing some of the most innovative and distinctive offers and experiences into the market.
So I’d put this challenge to every player in the retail industry: your consumers, your teams, your suppliers, and your shareholders all want and expect more, and you’ve proven your ability to innovate, especially over the past few years. How will your unique “retail reset” come to life?ABOUT THIS AUTHOR
Becca Coggins is a senior partner in McKinsey’s Chicago office and leads McKinsey’s global Retail Practice.
MORE FROM THIS AUTHOR
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Homayoun Hatami on CEO microhabits
What are the habits of highly successful CEOs if success means commitment, sustainability, satisfaction, and well-being? Microhabits that encourage physical and mental health matter, as does attention to human connections.
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by "McKinsey Quarterly" <publishing@email.mckinsey.com> - 03:06 - 18 Oct 2023 -
Don't miss out. Remote Connect 2023 starts tomorrow! Have you got your virtual pass yet?
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Strategies to: Speed up global growth. Foster team unity from afar. Simplify global HR challenges. Streamline multi-country payroll.Come to meet and learn from the likes of:
- Venture capitalist and entrepreneur Dan Abelon (Two Sigma Ventures), who has helped scale multiple high growth successes in data science, healthcare, and IT
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by "Remote" <hello@remote-comms.com> - 10:00 - 18 Oct 2023 -
Companies are already hiring prompt engineers. Why is that a critical role?
On Point
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
AI psychotherapists. It’s no secret that gen AI has gotten so good that some job fields are likely to shrink. But AI is creating new career opportunities for humans, too. As technology advances, “reskillers” will help companies identify what new skills they need and help workers acquire those skills. Meanwhile, “AI psychotherapists” will assess the quality of training data and test AI tools by asking probing questions. This will enable companies to explain why the AI platform made the recommendation to approve or reject a loan application, for example. [WSJ]
•
Hiring new roles. Just as better ingredients can make for a tastier meal, better inputs into a gen AI model can make for better results. Prompt engineering is the practice of writing these inputs, or prompts. Skilled engineers design inputs to interact optimally with other inputs in a gen AI tool. A 2023 McKinsey Global Survey found that 7% of respondents whose organizations have adopted AI are already hiring prompt engineers, explain Alex Singla and Alexander Sukharevsky, global leaders of QuantumBlack, AI by McKinsey, and coauthors.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:05 - 18 Oct 2023 -
A new issue of the McKinsey Quarterly is here
Your guide to the expansive potential of generative AI
The newest issue of the McKinsey Quarterly explores how gen AI is transforming the business landscape. In our cover story, “The economic potential of generative AI,” authors Michael Chui, Eric Hazan, Alex Singla, Alexander Sukharevsky, and Lareina Yee share seven key ways this technology phenomenon is reshaping industries and the value they stand to gain from it. You’ll also find a retail reset playbook, a guide to attracting and retaining digital talent, and much more.
This edition is available in an immersive online reading experience we’ve recently unveiled for our flagship publication. Sign up for a free digital Quarterly membership to access it.A membership to the digital edition of the McKinsey Quarterly also includes downloads of our top 100 reports in the McKinsey Insights Store as well as access to all four of this year’s digital issues of the Quarterly.
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 02:41 - 17 Oct 2023 -
Save the Date: Your invite to the next series of New Relic user meetups!
New Relic
Event InvitationNew Relic EMEA user meetups are back! Coming to Amsterdam, Paris, Dubai, Berlin & Madrid Register Now Join New Relic and other users for our next series of user meetups across EMEA!
Amsterdam,Thursday 16 November Register
Dubai, Tuesday 28 November Register
Berlin, Thursday 30 November Register
Madrid, Thursday 30 November Register
Paris, Tuesday 5 December RegisterJoin us in this ‘Back to the Future' edition of user meetups for food, drinks, swag and data talk. Our engineers will take you through the latest updates and best practices in Dev toolchain, APM, Infra and Logs - and dig into a broader range of your topic requests from the past few meetups.
We’ll also share exclusive insight into the future of New Relic with a product roadmap and the latest news and releases straight from our annual flagship conference, FutureStack 2023 - happening in London this November.
We’ll be throwing in multiple giveaways on the day, so come along to be in it to win it. Whether you’re new to New Relic or an experienced user - there’s something for everyone.
Agenda so far…
2:00pm: Arrival, networking and refreshments
2:30pm: What’s new and what’s next in observability
3:00pm: Back to the Future- Your topic requests from past meetups (topics to be confirmed soon)
- The latest news and releases from Futurestack 2023
- Updates in Dev toolchain, APM, Infra and Logs
4:00pm: NRQL function of the day
4:15pm: All your questions answered by our experts
4:30pm: Food, drinks and networkingWe look forward to seeing you there!
Harry Kimpel,
Principal Developer Relations Engineer, EMEARegister Now
by "Harry Kimpel" <emeamarketing@newrelic.com> - 05:13 - 17 Oct 2023 -
Investors are betting big on cultivated meat. What would it take for it to reach the masses?
On Point
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
Lab-grown and halal. It’s possible for cultivated meat grown from animal cells in a lab to be regarded as halal, experts on Islam told a US food technology company in September. Cultivated-meat producers are currently exploring the potential to make lab-cultured kosher and halal meat for billions of people who follow religious dietary guidelines. Due in part to the drive to strengthen food security, demand for cultured meat is robust in some Middle Eastern and Southeast Asian countries, the CEO and cofounder of the US food tech company said. [FT]
•
Millions for lab-grown meat. Cultivated meat, which uses tissue-engineering techniques to grow animal fat and tissue in a lab from cells, has come a long way since the first cultured beef burger was created in 2013. (That burger cost $325,000 and took two years to produce!) Since then, companies have reduced production costs by 99%. The industry is attracting a lot of investor interest. Roughly 100 cultivated-meat start-ups netted about $350 million in investments in 2020, McKinsey partner Tom Brennan and coauthors share.
•
More sustainable meat. With nearly eight billion people on the planet, producing enough meat has begun to tax our planet’s resources. Cultivated meat has some environmental advantages. For instance, since cultivated meat is made when animal cells are placed into a bioreactor to replicate, it takes less land to produce than conventional meat. The industry would also emit fewer greenhouse gases. Read our McKinsey Explainer “What is cultivated meat?” to understand five key factors that could determine the future pace of adoption and market size.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:29 - 17 Oct 2023 -
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by "Sunny Thakur" <sunny.thakur@uffizio.com> - 08:00 - 16 Oct 2023 -
SmartBear Named a Visionary in the 2023 Gartner® Magic Quadrant ™
SmartBear
.jpg)
Hi Abul,
We're excited to share that SmartBear was recognized by Gartner® as a Visionary in the October 2023 Magic Quadrant™ for API Management.
Thank you for your invaluable partnership with the SmartBear team and growing with us as we continue to innovate and adapt to address your evolving API lifecycle needs.
This recognition from Gartner comes after an impressive year for SmartBear, as we continued to innovate and offer new solutions that span the API lifecycle.
In 2023 SmartBear:
- Introduced two API-first solutions, SwaggerHub Explore for API exploratory testing and SwaggerHub Portal, addressing the needs of both developers and consumers.
- Released new capabilities across our API portfolio of popular tools, including Swaggerhub, ReadyAPI, PactFlow, and more.
- Support multiple API protocols and standards, including REST (OpenAPI), SOAP, AsyncAPI, gRPC, GraphQL and, others
For more information about how our solutions led to our recognition as Visionaries in the Gartner Magic Quadrant and to see what's in store for SmartBear's future, we invite you to join our upcoming webinar on November 8th.To learn more about our positioning and the API management landscape, download the report here.
Best,
SmartBear API Team
by "SmartBear API Team" <api-lifecycle-team@smartbearmail.com> - 11:25 - 16 Oct 2023 -
Moving on up: A leader’s guide to career development
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Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
The COVID-19 pandemic has changed the way people think about work. Worldwide, many employees are quitting or changing jobs, seeking out better working conditions, and looking for greater meaning and purpose in their work. The traditional career ladder has largely been replaced by fluid moves that can enable people to develop in adjacent roles at their own pace; as a result, the ways in which organizations have traditionally advanced workers—such as job promotions and pay raises—may no longer have the impact they once did. Here’s a look at how careers may unfold today.
You’ll need a large base of digital talent to power your organization in the future—and attracting the best may take more than hefty paychecks. Our latest research, led by McKinsey senior partner Paul Roche and colleagues, shows that career development and advancement opportunities rank equally with compensation as the top factors determining whether people accept, stay in, or leave a job. It’s critical for leaders to understand that “digital talent has a unique view of what ‘good’ looks like,” note the McKinsey experts. “For today’s digital talent, career development is not simply about securing tickets to buzzworthy conferences a few times a year.” Rather, leaders may need to enable digital talent to learn and grow alongside world-class experts, establish nontraditional career paths, and offer continuous and tailored training programs, besides providing the flexibility and commitment to diversity and employee well-being that many workers have now come to expect.
That’s the percentage of women who want to be promoted to higher positions, according to the latest Women in the Workplace report from McKinsey, conducted in partnership with LeanIn.Org. Young women in particular aspire to advance their careers—nine in ten women under the age of 30 want to progress to the next level, and three in four wish to become senior leaders. But for the ninth consecutive year of our study, women find the so-called broken rung—being promoted to the first step up to manager—their biggest barrier to advancement. “While companies are modestly increasing women’s representation at the top, doing so without addressing the broken rung offers only a temporary stopgap,” say the report’s authors.
That’s from McKinsey’s Emily Field, Bryan Hancock, and Bill Schaninger, who champion middle managers and their unique ability “to connect and integrate people and tasks,” without which “an organization can cease to function effectively.” Not everyone wants to rise through the ranks; people who love and excel at their current jobs may value salary increases, coveted assignments, or expanded responsibilities more than promotions. As the McKinsey experts point out, “It’s a huge waste of talent to see a manager who once looked forward to coming into work now sitting in a big, new office drowning in administrative work that makes them miserable.”
One of the best ways to advance one’s career is to anticipate uncertainty, says Deanna Mulligan, former chair and CEO of Guardian Life Insurance Company of America, in a discussion with McKinsey. Organizations can “give you career-planning workshops and self-assessment tests and all kinds of things you can use to think about your future,” she says. “But just know that your future may be very different from the job you’re in today, and let’s all work together and learn what might be coming and how we can prepare for it.” Young people especially need to develop a mindset of flexibility and resilience and understand that their education may not guarantee them employment in a specific area for the rest of their lives, Mulligan says. “It doesn’t work that way anymore. We’re all going to be learning, exploring, adding new skills to our portfolios. Changing jobs, changing careers.”
For decades, people have feared the rise of the machines—perhaps with good reason. For example, industrial robots already perform many manufacturing jobs, and social robots—AI platforms that are equipped and trained to interact with humans—demonstrate leadership behaviors. The results of the 2022 McKinsey Global Industrial Robotics Survey reveal that automated systems will account for 25 percent of industrial companies’ capital spending over the next five years. But it will likely still take a human to support your career development. The machines themselves think so: in response to a prompt, a chatbot told us that “while robots and AI can assist in various aspects of career advancement, human skills remain invaluable and essential for navigating the complexities of the corporate world and achieving long-term success.”
Lead by supporting career development.
— Edited by Rama Ramaswami, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:25 - 16 Oct 2023 -
What are leaders’ top economic concerns in different parts of the world?
On Point
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
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‘A new economic order.’ Corporate investments in new foreign ventures are splitting across competing blocs of nations, spurred by ongoing international tensions and the war in Ukraine. In 2022, executives redirected roughly $180 billion of the $1.2 trillion in greenfield FDI to more geopolitically like-minded countries, a recent analysis reveals. Over the long term, fragmentation into rival trading blocs could shrink global economic output by up to 7%, or the size of France’s and Germany’s economies combined, the IMF has found. [Bloomberg]
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Still leaning positive. For the second quarter in a row, views of the economy continue to lean more toward the positive, according to the latest McKinsey Global Survey. But respondents’ views on current and future conditions in the global economy have converged, with a more even split between optimism and pessimism. Overall, respondents are also more hopeful than not about their countries’ economies, though sentiments vary significantly by region, McKinsey Global Institute chair and chair of insights and ecosystems Sven Smit and coauthors share.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:35 - 16 Oct 2023
