(An excerpt from our quarterly Global Leadership Briefing report)

How are the smartest companies winning despite shifts in trade, currency, economic slowdowns, and more?

With a global manufacturing slowdown increasingly evident, central banks in the United States, China, and the European Union have stepped in to loosen credit conditions and expectations to lift short-term economic growth. This provides some much-needed room for emerging-market governments and central banks to pursue more fiscal and monetary stimulus over the coming months. While unlikely to reverse the growth slowdown, this should stabilize global demand at lower levels. Yet there remains significant uncertainty, mostly driven from the policy side. Chinese policy stimulus continues to evolve, and the US continues to disrupt the global trade environment. Multinational executives should prioritize incorporating scenario-based frameworks into their planning processes to prepare for different policy environments.

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