Economic optimism is at a three year low but Londoners are less pessimistic
Economic optimism is at a three year low but Londoners are less pessimistic about the nation's future than those living elsewhere in Great Britain.
Economic optimism in Great Britain has fallen to its lowest point since December 2008
Just 16% believe the economic condition of the country will improve in the next twelve months, while almost six in ten (57%) think that it will get worse. The Economic Optimism Index of -41 (improve minus get worse) is the lowest since December 2008.
However, whilst remaining on the whole negative, those living in Greater London remain more optimistic about Britain’s economic outlook than those living in other regions
20% of Londoners believe the economic condition of the country will improve in the next twelve months and around half (48%) think that it will get worse. The Economic Optimism Index for London is -28 (improve minus get worse)
Director at Ipsos Loyalty, Charles Adriaenssens, said:
“London is the only region which has seen house price growth over the past 12 months, and 2012 is Olympic year...but Londoners’ outlook continues to be dragged down by the wider economic environment as well as increasing unemployment in the Capital.”
| Improve | Stay the same | Get worse | Net Economic Optimism | Base | |
|---|---|---|---|---|---|
| GB Total (%) | 16 | 25 | 57 | -41 | (1,002) |
| Greater London (%) | 20 | 25 | 48 | -28 | (120) |
| South (incl. London) (%) | 16 | 27 | 53 | -38 | (355) |
| Midlands (%) | 19 | 23 | 56 | -37 | (313) |
| North & Scotland (%) | 12 | 24 | 60 | -48 | (334) |
