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Executives around the world are seeing their domestic economies improving; however, they also say local political conflicts are considered threats to growth, according to a recent survey by McKinsey & Co.

Overall, 38 percent of respondents find politics as a threat to growth. The survey finds this is particularly the case among U.S. respondents as negotiations failed to prevent the automatic government-spending cuts that went through the week before respondents participated in the survey. Other growth risks are low consumer demand at 42 percent, insufficient government-policy support at 37 percent, lack of access to credit at 27 percent and inflation at 20 percent.

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