The Economic Pulse of the World - August 2016

The national economic assessment average us up one point since last sounding, with four in ten (41%) global respondents describing the current economic situation in their country as “good”. The average is up across most regions of the world, with Latin America (29%, +4pts.) leading the pack, followed by North America (56%, +3 pts.), Europe (37%, + 2pts.) and Asia-Pacific (46%, +1 pt.). The only region in the red this month is the Middle East/Africa region (47%, - 2pts.), driven by losses in Saudi Arabia (87%, -2 pts.), Israel (48%, -2 pts.) and Turkey (40%, - 1pt.).

The author(s)

  • Nik Samoylov Public Affairs, US
  • Chris Deeney Public Affairs, US
  • Julia Clark Marketing & Communications Director, NA
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The local economic assessment average is on the rise as well this month, with one third (31%) rating the current state of the economy in their local area as “strong”. The average is up one point since last sounding. Major gains in the United States (48%, +9 pts.) drive the North American region average (48%) up four points, the largest gain for this region since April of this year. Latin American average is up three points to 21% due to a major improvement in Mexico (19%, +9 pts.). The only region to experience a loss in this category is Asia-Pacific (32%, -1pt.).

The future outlook for local economy is down one point this month as one quarter (25%) of global respondents expect the economy in their local area to be “stronger” in 6 months from now. Significant loss by Saudi Arabia (52%, -12 pts.) causes downturn for the Middle East/Africa region (28%, -2 pts.). Asia-Pacific (27%, -1 pt.) and Europe (12%, -1 pt.) lose ground as well. No changes in the Americas as both LATAM (51%) and North America (25%) remain idle this month.

Global Average of National Economic Assessment Up One Point: 41%

The average global economic assessment of national economies surveyed in 25 countries is up one point with 41% of global citizens rating their national economies as ‘good’.

Despite losing four points since last sounding, Saudi Arabia (87%) remains at the top in the national economic assessment category, followed by India (83%), Germany (76%), China (72%), Sweden (68%), Peru (62%), Canada (59%) and Australia (55%). This month Brazil (12%) shares the last spot with South Africa (12%) at the bottom of the national assessment, followed by South Korea (14%), Italy (15%), France (16%), Spain (16%), Hungary (19%) and Argentina (19%).

Countries with the greatest improvements in this wave: Mexico (23%, +9 pts.), Belgium (39%, +6 pts.), Great Britain (42%, +5 pts.), the United States (53%, +4 pts.), Brazil (12%, +4 pts.), Poland (41%, +3 pts.) and France (16%, +3 pts.).

Countries with the greatest declines: Sweden (68%, -6 pts.), Saudi Arabia (87%, -4 pts.), Germany (76%, -2 pts.), Israel (48%, -2 pts.), Australia (55%, -1 pts.) and Turkey (40%, -1 pts.). 

National Economic Assessment - August 2016

Global Average of Local Economic Assessment (31%) Up One Point

When asked to assess their local economy, an average of 31% of those surveyed in 25 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 month.

Saudi Arabia (62%) has the top spot in the local assessment category, followed by China (58%), Sweden (58%), Israel (58%), India (55%), Germany (51%), the United States (48%), Canada (36%) and Australia (36%). South Africa (10%) and Japan (11%) dropped to the lowest spot this month, followed by Italy (12%), France (14%), South Korea (15%), Hungary (15%), Argentina (15%), Brazil (16%) and Spain (16%).

Countries with the greatest improvements in this wave: the United States (48%, +9 pts.), Mexico (19%, +9 pts.), Israel (58%, +8 pts.), Sweden (58%, +7 pts.) and Belgium (24%, +4 pts.).

Countries with the greatest declines in this wave: Saudi Arabia (62%, -8 pts.), Germany (51%, -4 pts.), Argentina (15%, -3 pts.), Russia (20%, -3 pts.), Australia (36%, -1 pts.) and Canada (36%, -1 pts.).

Global Average of Future Outlook for Local Economy (25%) Down One Point

The future outlook is down one point since last month, with one quarter (25%) of global citizens surveyed in 25 countries expecting their local economy to be stronger six months from now.

Once again this month Peru (69%) is in the lead in this assessment category, followed by India (60%), Brazil (56%), Saudi Arabia (52%), Argentina (52%), China (50%), the United States (33%), Turkey (31%), Mexico (28%), Poland (18%) and Spain (18%). France (5%) has the lowest future outlook score this month again, followed by Japan (8%), Italy (8%), South Korea (10%), Hungary (11%), Sweden (11%), Belgium (12%) and Germany (13%).

Countries with the greatest improvements in this wave: Turkey (31%, +5 pts.), Belgium (12%, +4 pts.), the United States (33%, +2 pts.), Spain (18%, +2 pts.), Peru (69%, +2 pts.), Great Britain (14%, +2 pts.) and Israel (14%, +2 pts.).

Countries with the greatest declines in this wave: Saudi Arabia (52%, -12 pts.), Germany (13%, -5 pts.), Sweden (11%, -5 pts.), Argentina (52%, -2 pts.), Australia (16%, -2 pts.), Canada (16%, -2 pts.), China (50%, -2 pts.), India (60%, -2 pts.) and Russia (16%, -2 pts.).

The author(s)

  • Nik Samoylov Public Affairs, US
  • Chris Deeney Public Affairs, US
  • Julia Clark Marketing & Communications Director, NA

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