Source page: McKinsey & Company
Commentary
Open for business? Developed economies are more likely to say 'yes.'
COVID-19 | Economy
April 27, 2021 – Less than half of businesses are fully operational, according to our latest McKinsey Global Survey. Developed economies are out in front, perhaps because of their greater access to COVID-19 vaccines.
To read the survey, see “Economic conditions outlook, March 2021,” March 30, 2021.
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Visual form
Two-panel stacked column chart.
Layout / body structure
The chart splits into two side-by-side panels, one for developed economies and one for emerging economies. Inside each panel, four stacked columns run from June 2020 to March 2021, so the reader compares the distribution within each quarter and then compares the two panels across the same timeline.
What is being compared
It compares when executives in developed versus emerging economies expect their companies to be fully operational. The stacked categories include 13 months or more, 7 to 12 months, 6 months or less, no COVID-19-related decrease in business, fully operating already, and not applicable.
Measurement system
The measure is percent of respondents. Each column totals 100 percent, and the segments are labeled with their own values so the reader can track how the mix of recovery expectations changes over time.
Visible structure inside the graphic
Both panels repeat the same six-part stack for four quarters, which makes it easy to compare how quickly the darker long-delay segments shrink and how the lighter top segments expand. The developed-economy panel on the left visibly grows a larger top share of already-operating and no-decrease responses by March 2021 than the emerging-economy panel on the right.
Main takeaway from the visual
Executives in developed economies are more likely than those in emerging economies to say their companies are fully operational by the end of the series. The two-panel layout makes that gap visible because the top positive segments grow faster and larger in the developed-economy stacks.
Key standout values or extremes
In developed economies, the fully operating already segment rises from 13 percent in June 2020 to 27 percent in March 2021, while not applicable reaches 20 percent. In emerging economies, fully operating already rises from 6 to 14 percent and not applicable to 14 percent, while the 6 months or less segment still accounts for 27 percent in March 2021.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.