The Economic Pulse of the World - July 2016

Last month Great Britain voted in a national referendum to leave the European Union. While the true impact of “Brexit” is not yet known, the global economic assessment average is up two points this month, with four in 10 (40%) global citizens rating their national economies as “good”. Except for Great Britain (37%, -11 pts.), most of the European countries are in the positive territory this month, most notably Sweden (74%, +9 pts.), Poland (38%, +7 pts.) and Belgium (33%, +6 pts.).

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 in the positive territory as well this month, as three in 10 (30%) of global respondents rate the state of economy in their local area as “good”. With oil prices rising last month to their highest level since July 2015,  the most significant gains have been posted by countries with resource-based economies, such as Saudi Arabia (70%, +6 pts.) and Russia (23%, + 6pts.).  At the same time, significant declines have been posted by countries such as Israel (50%, -6 pts.) and Sweden (51%, -6 pts).

After remaining unchanged for 2 months in a row, the future outlook for local economy is up one point, with over one quarter (26%) of respondents saying the economy in their local area will be stronger in the next 6 months. With large gains posted by countries such as Peru (67%, +9 pts.), Saudi Arabia (64%, +6 pts.) Sweden (16%, +4 pts.) and China (52%, +3 pts.), only a handful of countries experience a notable decline since last sounding: Israel (12%, -5 pts.), Mexico (27%, -3 pts.), Italy (9%, -3 pts.) and Argentina (54%, -3 pts.).

Global Average of National Economic Assessment Up Two Points: 40%

The average global economic assessment of national economies surveyed in 25 countries is up two points with 40% of global citizens rating their national economies as ‘good’.

Saudi Arabia (91%) once again is at the top in the national economic assessment category, followed by India (81%), Germany (78%), Sweden (74%), China (71%), Peru (61%), Canada (57%) and Australia (56%). Once again, Brazil (8%) is at the bottom of the national assessment, followed by South Africa (12%), South Korea (13%), France (13%), Italy (13%), Spain (14%), Mexico (14%), Hungary (18%) and Argentina (19%).

Countries with the greatest improvements in this wave: Sweden (74%, +9 pts.), Poland (38%, +7 pts.), Peru (61%, +7 pts.), Belgium (33%, +6 pts.), Australia (56%, +5 pts.), Germany (78%, +4 pts.), Canada (57%, +4pts.), South Korea (13%, +3pts.) and Saudi Arabia (91%, +3 pts.).

Countries with the greatest declines: Great Britain (37%, -11 pts.), Mexico (14%, -5 pts.), Argentina (19%, -2 pts.), Italy (13%, -1 pts.) and South Africa (12%, -1 pts.).

Economic Pulse - National Economic Assessments - July 2016

Global Average of Local Economic Assessment (30%) Up One Point

When asked to assess their local economy, an average of 30% 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 (70%) has the top spot in the local assessment category, followed by China (57%), India (55%), Germany (55%), Sweden (51%), Israel (50%), the United States (39%) Canada (37%) and Australia (37%). Mexico (10%) dropped to the lowest spot this month, followed by South Africa (11%), Japan (11%), Italy (12%), South Korea (13%), Spain (14%), Brazil (14%), Hungary (14%) and France (14%).

Countries with the greatest improvements in this wave: Saudi Arabia (70%, +6 pts.), Russia (23%, +6 pts.), Australia (37%, +5 pts.), Germany (55%, +4 pts.), Belgium (20%, +4 pts.), Spain (14%, +3 pts.), South Korea (13%, +3 pts.) and Canada (37%, +3 pts.).

Countries with the greatest declines in this wave: Israel (50%, -6 pts.), Sweden (51%, -6 pts.), Italy (12%, -4 pts.), Hungary (14%, -2 pts.), Japan (11%, -2 pts.), Mexico (10%, -2 pts.), France (14%, -1 pts.) and Poland (26%, -1 pts.).

Global Average of Future Outlook for Local Economy (26%) Up One Point

The future outlook is up one point since last month, with an average of one quarter (26%) of global citizens surveyed in 25 countries expecting their local economy to be stronger six months from now.

Peru (67%) takes the lead in this assessment category, followed by Saudi Arabia (64%), India (62%), Brazil (57%), Argentina (54%), China (52%), the United States (31%), Mexico (27%), Turkey (26%) and Russia (18%). France (6%), has the lowest future outlook score this month again, followed by Belgium (8%), Japan (9%), South Korea (9%), Italy (9%), Great Britain (12%), Hungary (12%), and Israel (12%).

Countries with the greatest improvements in this wave: Peru (67%, +9 pts.), Saudi Arabia (64%, +6 pts.), Sweden (16%, +4 pts.), China (52%, +3 pts.), the United States (31%, +2 pts.), Great Britain (12%, +2 pts.), Germany (18%, +2 pts.) and Brazil (57%, +2 pts.).

Countries with the greatest declines in this wave: Israel (12%, -5 pts.), Argentina (54%, -3 pts.), Italy (9%, -3 pts.), Mexico (27%, -3 pts.), Russia (18%, -2 pts.), South Korea (9%, -1 pts.) and Spain (16%, -1 pts.).

The author(s)

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

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