The Economic Pulse of the World - May 2017
The average global economic assessment of national economies surveyed in 26 countries is up two points with 45% of global citizens rating their national economies as ‘good’.
Key findings: a positive dynamic continues. all-time high score for the national assessment average
Surpassing last wave’s record-breaking result, the national economic assessment average reaches the all-time high this month, with 45% of global citizens describing the current economic situation in their countries as “good”. This is the highest score for the national economic assessment average ever recorded. Latin America (35%, +7 pts.) is the primary driver behind this month’s high national score, with all countries experiencing an improvement since last sounding: Peru (77%, +15 pts.), Mexico (27%, +7 pts.), Argentina (27%, +6 pts.) and Brazil (10%, +1pt.). North America (57%, -2 pts.) is the only region posting negative gains in this category.
The local economic assessment average is up one point since last sounding, with one third (33%) of global respondents rating the economy in their local area as “good”. With both Canada (38%, -1 pt.) and the United States (49%, -1 pt.) losing ground this month, North America (44%, -1 pt.) is the only region of the world in the negative territory. Latin America (26%, +5 pts.) posts the highest gains in this assessment category, followed by Europe (30%, +2 pts.) and APAC (36%, +1 pt.).
The future local economic assessment average is up one point for a second consecutive month. Over a quarter of respondents (27%) in 26 countries around the world expect the economy in their local area to be “stronger” in the next six months. With the United States showing a loss (37%, -2 pts.) and Canada idle (18%, N/C), North America (28%, -1pt.) is the loser in this category as well. Middle East/Africa (31%, +3 pts.), Europe (17%, +2 pts.) and APAC (32%, +1pt.) show modest gains, while LATAM average (45%, N/C) remains unchanged.
Global average of national economic assessment up two points: 45%
The average global economic assessment of national economies surveyed in 26 countries is up two points with 45% of global citizens rating their national economies as ‘good’.
Saudi Arabia (87%) has the top spot in the national economic assessment category this month, followed by India (83%) China (81%), Germany (81%), Sweden (77%), Peru (77%), Israel (60%), Australia (59%), United States (57%) and Canada (56%). Brazil (10%) is again at the lowest spot in this assessment, followed by South Korea (13%), South Africa (13%), Italy (14%), France (17%), Spain (22%), Hungary (25%), Mexico (27%) and Argentina (27%).
Countries with the greatest improvements in this wave: Peru (77%, +15 pts.), Sweden (77%, +8 pts.), Saudi Arabia (87%, +8 pts.), Mexico (27%, +7 pts.), Argentina (27%, +6 pts.), Turkey (42%, +3 pts.), South Korea (13%, +3 pts.), Poland (44%, +3 pts.), Israel (60%, +3 pts.) and Hungary (25%, +3 pts.).
Countries with the greatest declines: South Africa (13%, -4 pts.), Canada (56%, -3 pts.), the United States (57%, -2 pts.), Australia (59%, -1 pts.), Great Britain (47%, -1 pts.) and Serbia (31%, -1 pts.).
Global average of local economic assessment (33%) up one point
When asked to assess their local economy, one third (33%) of those surveyed in 26 countries agree that the state of the current economy in their local area is ‘good’. The local economic assessment is up one point since last sounding.
China (67%) leads in the local assessment category, followed by Saudi Arabia (65%), India (61%), Sweden (60%), Israel (59%), Germany (58%), the United States (49%), Peru (48%), Australia (40%) and Canada (38%). South Korea (10%) is the lowest ranked country in this category this month, followed by Serbia (12%), South Africa (14%), Japan (16%), Italy (16%), Brazil (16%), Spain (16%), Hungary (18%), France (19%), Argentina (19%) and Mexico (20%).
Countries with the greatest improvements in this wave: Peru (48%, +13 pts.), Saudi Arabia (65%, +8 pts.), China (67%, +7 pts.), Serbia (12%, +3 pts.), Poland (31%, +3 pts.), Mexico (20%, +3 pts.), Japan (16%, +3 pts.), Germany (58%, +3 pts.), France (19%, +3 pts.), and Belgium (31%, +3 pts.).
Countries with the greatest declines in this wave: Turkey (27%, -9 pts.), India (61%, -4 pts.), Spain (16%, -2 pts.), Canada (38%, -1 pts.), Israel (59%, -1 pts.), Russia (21%, -1 pts.) and the United States (49%, -1 pts.).
Global average of future outlook for local economy (27%) up one point
The future outlook is up one point since last month, with over one quarter (27%) of global citizens surveyed in 26 countries expecting their local economy to be stronger six months from now.
India (70%) once again leads in this assessment category, followed by Saudi Arabia (64%), China (56%), Peru (53%), Argentina (51%), Brazil (48%), the United States (37%), Turkey (31%), Mexico (28%) and Sweden (27%). Italy (8%) has the lowest future outlook score this month, followed by France (9%), Japan (11%), Belgium (12%), South Korea (13%), South Africa (13%), Great Britain (14%), Hungary (15%), Israel (16%) and Australia (16%).
Countries with the greatest improvements in this wave: Saudi Arabia (64%, +12 pts.), Sweden (27%, +5 pts.), Peru (53%, +5 pts.), Hungary (15%, +5 pts.), Israel (16%, +4 pts.), Spain (23%, +3 pt.), Poland (23%, +3 pts.), France (9%, +3 pts.) and China (56%, +3pts.).
Countries with the greatest declines in this wave: Brazil (48%, -7 pts.), South Africa (13%, -3 pts.), Turkey (31%, -3 pts.), Serbia (18%, -2 pts.), the United States (37%, -2 pts.), Australia (16%, -1 pts.) and Belgium (12%, -1 pts.).
