Traders work during the opening bell at the New York Stock Exchange (NYSE) (Photo by JOHANNES … [+] EISELE/AFP via Getty Images)
AFP via Getty Images
Executives are feeling less optimistic about the economy than they were in March, according to an October 6, 2021, executive briefing from McKinsey and Company.
Despite effective vaccines and treatments, the pandemic seems to linger on, with new and more virulent variants taking hold before herd immunity can be reached. As a result, whereas 73 to 79% of executives in March were optimistic about the economy, that percentage has shrunk to 65% in October. There’s just no end to the pandemic in sight.
Many businesses, unable to wait for the economy to work itself out, have pivoted to respond to the new normal. Many of these pivots have allowed businesses to survive, while others have thrived.
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