Economic optimism declines across the G8
Ipsos's latest international poll shows a distinct lack of economic optimism across the G8 countries. Across all eight countries, one in seven (14%) people expect their local economy to be stronger in six months time, falling from 20% two years.
As G8 leaders gathered over the weekend with the European economic crisis high on the agenda, Ipsos’s latest international poll shows a distinct lack of economic optimism across the G8 countries. Across all eight countries, one in seven (14%) people expect their local economy to be stronger in six months time, falling from 20% two years.
Just one in ten Britons (10%) expect their local economy to be stronger in the next six months – among the most pessimistic of 26 countries included in the survey. Japan (9%) and France (5%) complete the bottom three among the G8 countries. British pessimism has remained fairly consistent since September 2010.
The Americans are the most optimistic in the G8, though even then only one in four (25%) Americans say their economy will get stronger in the next six months. However, America has experienced a recent increase in optimism over the last few months, back in October 2011 just 16% expected their economy to be stronger.
While seven in ten (68%) Germans think their economy is good at the moment, they too do not hold a great deal of confidence in the future, with only 17% expecting their economy to be stronger in six months time.
Attitudes in the eurozone are equally negative. Just 6% of Belgians expect their economy to be stronger in the next six months, as do 14% of Italians and 16% of Spaniards.
Technical Note
Global @dvisor is a monthly online survey conducted by Ipsos via the Ipsos Online Panel system in 24 countries and districts around the world. This month included additional interviews in Belgium, Singapore and Hong Kong.
For the results of the survey presented herein, an international sample of 18,702 adults age 18-64 in the US and Canada, and age 16-64 in all other countries and districts, were interviewed. Approximately 1000+ individuals participated on a country by country basis via the Ipsos Online Panel with the exception of Argentina, Belgium, Indonesia, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Sweden and Turkey, where each have a sample approximately 500+. In this wave (G@32), 500+ individuals from Hong Kong and Singapore also participated in the survey.
The survey was conducted between 3rd and 17th April, 2012.
Weighting was then employed to balance demographics and ensure that the sample's composition reflects that of the adult population according to the most recent country Census data, and to provide results intended to approximate the sample universe. A survey with an unweighted probability sample of this size and a 100% response rate would have an estimated margin of error of +/-3.1 percentage points for a sample of 1,000 and an estimated margin of error of +/- 4.5 percentage points 19 times out of 20 per country of what the results would have been had the entire population of adults in that country had been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error
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