The Economic Pulse of the World - November 2014

Perceptions of the current economic situation around the world are improving slightly this month, with four in 10 respondents rating their national economy as good. The local economy assessment holds steady, as does optimism for the near future.

The author(s)

  • Nik Samoylov Ipsos Public Affairs, US
  • Chris Deeney Ipsos Public Affairs, US
  • Julia Clark Ipsos Public Affairs, US
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Cautiously Looking Into the Future

Perceptions of the current economic situation around the world are improving slightly this month, with four in 10 (41%) respondents rating their national economy as good. The local economy assessment holds steady, as does optimism for the near future: just one in 4 (24%) respondents expect the economy in their local area to be stronger six months from now – down one point since last sounding.

 

Latin America is the only region gaining ground in all three assessment categories this wave (national +5%, local +2%, future local +4%). There is no change in the future economic outlook for North America, with both national (+3%) and local (+2%) assessments on the uptick.

 

The downward trend continues for the G8 countries, with losses across the board (national -1%, local -1%, future local -1%). Driving this trend is the European powerhouse Germany, recording the biggest drop in the local economic assessment (down 10%) since April 2014.

 

Despite modest gains last month, the average is down in all three categories for the Asia-Pacific region (national -2%, local -2%, future local -2%).

 

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

After holding steady for two months, the average global economic assessment of national economies surveyed in 24 countries is up one point as 41% of global citizens rate their national economies to be ‘good’.

 

Saudi Arabia (87%) remains at the  top of the national economic assessment, followed by India (80%), Egypt (76%), Germany (75%), China (70%), and Sweden (67%). At the bottom of the assessment, only a fistful rate their national economy as good in France (7%) and Spain (7%), followed by Italy (8%), Romania (12%%), South Korea (14%) and Japan (20%).

 

Countries with the greatest improvements in this wave:  Egypt (76%, +8 pts.), Australia (65%, +7 pts.), Mexico (29%, +7 pts.), Hungary (23%, +7 pts.), the United States (42%, +6 pts.) and Brazil (32%, +6pts.).

 

Countries with the greatest declines: Sweden (67%, -10 pts.), Russia (47%, -6 pts.), Germany (75%, -4 pts.), China (70%, -4 pts.), Turkey (43%, -4pts) and South Africa (22%, -4 pts.).

 

Global Average of Local Economic Assessment (29%) Unchanged

When asked to assess their local economies, 29% agree the state of the current economy in their local area is ‘good,’ on the global aggregate level. The local economic assessment remains unchanged since last sounding.

 

Saudi Arabia (62%) leads the local economy assessment ratings, followed by India (53%), China (51%), Canada (48%), Sweden (48%), Germany (47%) and Australia (42%). Spain (9%), once again, has the last place in the assessment, followed by France (11%), Italy (11%), Japan (11%), South Korea (12%), Romania (13%) and Hungary (15%).

 

Countries with the greatest improvements in this wave: Argentina (20%, +5 pts.), Turkey (36%, +3 pts.), the United States (33%, +3 pts.), Hungary (15%, +3 pts.) and Romania (13%, +3pts.).

 

Countries with the greatest declines: Sweden (48%, -11 pts.), Germany (47%, -10 pts.), China (51%, -5 pts.), Russia (30%, -5 pts.) and South Korea (12%, -2 pts.).

 

Global Average of Future Outlook for Local Economy (24%) Down One Point

After holding steady for several months, the future outlook average slips one point, as one quarter (24%) of global citizens expect their local economy will be stronger six months from now.

 

India (69%) once again retains the top spot in the future outlook assessment rating. The rest of the highest-ranking countries are: Brazil (64%), Egypt (50%), Saudi Arabia (48%), China (37%), Mexico (32%) and Argentina (31%).  France (4%) remains at the bottom of the pack, followed by Italy (10%), Belgium (10%), South Korea (10%), Japan (10%), Romania (12%) and Spain (13%).

 

Countries with the greatest improvements in this wave: Brazil (64%, +7 pts.), the United States (27%, +6 pts.), Hungary (16%, +3 pts.), Sweden (16%, +3 pts.), Mexico (32%, +2 pts.), Poland (17%, +2 pts.), France (4%, +2 pts.) and Turkey (23%, +1 pts.).

 

Countries with the greatest declines: Spain (13%, -7 pts.), Saudi Arabia (48%, -4 pts.), China (37%, -4 pts.), Canada (14%, -4 pts.), Germany (14%, -4 pts.) and South Africa (15%, -3 pts.).

 

The author(s)

  • Nik Samoylov Ipsos Public Affairs, US
  • Chris Deeney Ipsos Public Affairs, US
  • Julia Clark Ipsos Public Affairs, US

Society