The Economic Pulse of the World - June 2016

After posting gains for three months in a row, the national economic assessment average is down one point this month, with 38% of global citizens rating their national economic situation as “good”.

The author(s)

  • Nik Samoylov Public Affairs, US
  • Chris Deeney Public Affairs, US
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The downturn is mostly noted in the Middle East and Africa (47%, -1 pt), and the Asia Pacific region (43%, - 1 pt). G8 countries (37%, +1 pt) and BRIC (46%, +1 pt) stay in the positive territory, while all other regions remain unchanged.

The local economic assessment average is down one point this month as nearly one third (29%) of global respondents rate the state of economy in their local area as “good”. The drop in the local economic confidence is noticeable across all regions of the world, but mostly felt in the Middle East and Africa region (40%, - 3pts), BRIC countries (34%, - 3pts), Latin America (17%, - 3pts) and Asia Pacific region (30%, - 2pts).

For a second month in a row, the future outlook assessment average remains stable as one quarter (25%) of respondents expect their local economy to be stronger in the next six months. North America (23%, -1pt) is the only region in the negative territory this month, with BRIC (46%, +1 pt) and APAC countries (28%, +1 pt) posting slight gains, and all other regions remaining unchanged.

Global Average of National Economic Assessment Down One Point: 38%

The average global economic assessment of national economies surveyed in 25 countries is down one point with 38% of global citizens rating their national economies as ‘good’.

Despite losing three points since last sounding, Saudi Arabia (88%) once again is at the top in the national economic assessment category, followed by India (81%), Germany (74%), China (69%), Sweden (65%), Peru (54%), Canada (53%) and Australia (51%). Brazil (6%) remains at the bottom of the national assessment, followed by South Korea (10%), France (11%), Spain (13%), South Africa (13%), Italy (14%), Hungary (18%), Japan (19%) and Mexico (19%).

Countries with the greatest improvements in this wave: Israel (48%, +6 pts.), Great Britain (48%, +4 pts.), China (69%, +4 pts.), Argentina (21%, +4 pts.), Hungary (18%, +2 pts.), India (81%, +1 pts.), Germany (74%, +1pts.) and Canada (53%, +1 pts.).

Countries with the greatest declines: Belgium (27%, -9 pts.), Australia (51%, -8 pts.), South Africa (13%, -4 pts.), Saudi Arabia (88%, -3 pts.), South Korea (10%, -3 pts.), Sweden (65%, -3 pts.) and Turkey (39%, -3 pts.).

National Economic Assessment June 2016

Global Average of Local Economic Assessment (29%) Down One Point

When asked to assess their local economy, an average of 29% 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 down one point since last month.

Saudi Arabia (64%) has the top spot in the local assessment category, followed by Sweden (57%), Israel (56%), China (55%), India (54%), Germany (51%), the United States (39%) Canada (34%) and Australia (32%). South Korea (10%) dropped to the lowest spot this month, followed by Spain (11%), South Africa (11%), Brazil (12%), Mexico (12%), Japan (13%) and France (15%).

Countries with the greatest improvements in this wave: Peru (28%, +3 pts.), Poland (27%, +2 pts.), Japan (13%, +2 pts.), Italy (16%, +2 pts.), Israel (56%, +1 pts.), Hungary (16%, +1 pts.), China (55%, +1 pts.) and Canada (34%, +1 pts.).

Countries with the greatest declines in this wave: Mexico (12%, -12 pts.), Australia (32%, -7 pts.), South Africa (11%, -6 pts.), Belgium (16%, -5 pts.), Russia (17%, -4 pts.), Saudi Arabia (64%, -4 pts.) Great Britain (27%, -3 pts.) and India (54%, -3 pts.).

Global Average of Future Outlook for Local Economy (25%) Unchanged

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

India (61%) overtakes Saudi Arabia (58%) in this assessment category, followed by Peru (58%), Argentina (57%), Brazil (55%), China (49%), Mexico (30%), the United States (29%), Turkey (25%) and Russia (20%). France (5%), has the lowest future outlook score this month, followed by Belgium (8%), Japan (9%), South Korea (10%), Great Britain (10%), Hungary (11%), Italy (12%), and Sweden (12%).

Countries with the greatest improvements in this wave: China (49%, +5 pts.), Spain (17%, +3 pts.), Mexico (30%, +3 pts.), Italy (12%, +3 pts.), Israel (17%, +3 pts.), Germany (16%, +3 pts.), Poland (18%, +2 pts.) Japan (9%, +2 pts.), India (61%, +2 pts.), and Hungary (11%, +2 pts.).

Countries with the greatest declines in this wave: Saudi Arabia (58%, -4 pts.), Belgium (8%, -3 pts.), Canada (17%, -3 pts.), France (5%, -3 pts.), Argentina (57%, -2 pts.), Great Britain (10%, -2 pts.), Russia (20%, -2 pts.), South Africa (16%, -2 pts.), South Korea (10%, -2 pts.) and Sweden (12%, -2 pts.).

Citizens in 25 Countries Assess the Current State of their Country’s Economy for a Total Global Perspective. 

The author(s)

  • Nik Samoylov Public Affairs, US
  • Chris Deeney Public Affairs, US

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