The Economic Pulse of the World - November 2015

Stability or stagnation? As we enter the final stretch of the year, all three economic assessment categories remain static—demonstrating no change over the last month in the global national (39%), local (24%) or future local (30%) economy assessments.

Regional winners and losers

North America continues on the upward trend with gains across the board. On the heels of a Federal election which swept away a Conservative majority government in favor of a majority Liberal government, Canada has improved in all assessment categories, most notably in the future outlook on the local economy (24%, +6pts). The United States shows modest gains in the national (44%, +1pts) and the future outlook (25%, +1pts), while losing one point (36%, -1pts) in the local economic assessment.

Latin America is on the upswing as well, with gains in the national (21%, +1pts), local (22%, +4pts) and future local (48%, +3pts) economic assessment. Despite the uptick across the region, Brazil woes continue, with only one in 10 (8%) respondents rating the national economy as “good”.

Europe’s numbers have declined in two out of three assessment categories since last sounding. National numbers (35%, -1pts) are down for a third month in a row, with the majority of European countries experiencing a decline, making it the lowest month since May 2015. Assessment of the Local economy (35%) is down two points and the future outlook for the local economy numbers, although unchanged (13%), remains the lowest among all global regions represented in this assessment.

Global Average of National Economic Assessment Unchanged: 39%

For a third month in a row, the average global economic assessment of national economies surveyed in 24 countries holds steady with 39% of global citizens rating their national economies as ‘good’.

Saudi Arabia (91%) gains one point to remain at the top spot in the national economic assessment category, followed by India (76%), China (72%), Germany (71%), Sweden (63%) and Australia (55%). For a fourth month in a row, Brazil (8%) has the lowest assessment score, followed by France (12%), South Korea (12%), Italy (13%), Spain (17%), South Africa (18%), Hungary (19%) and Japan (26%).

Countries with the greatest improvements in this wave: Turkey (42%, +13 pts.), Belgium (43%, +8 pts.), Mexico (27%, +4 pts.), China (72%, +3 pts.), Australia (55%, +2 pts.), Saudi Arabia (91%, +1 pts.), Canada (52%, +1 pt.) and the United States (44%, +1 pt.).

Countries with the greatest declines: Sweden (63%, -9 pts.), India (76%, -6 pts.), Poland (30%, -6 pts.), South Korea (12%, -6 pts.), Great Britain (45%, -3 pts.), Japan (26%, -3 pts.), Germany (71%, -2 pts.), Israel (42%, -2 pts.) and France (12%, -2 pts.).

National Economic Assessments - November 2015

Global Average of Local Economic Assessment (30%) Unchanged

When asked to assess their local economy, an average of 30% of those surveyed in 24 countries agree that the state of the current economy in their local area is ‘good’. The local economic assessment is unchanged since last month.

Saudi Arabia (62%) leads this assessment category once again, followed by China (57%), India (55%), Israel (53%), Germany (51%), Sweden (50%), the United States (36%) and Australia (36%). Japan and South Korea share lowest spot in this assessment (both - 12%), followed by Italy (13%), South Africa (13%), Hungary (15%), France (15%), Spain (15%) and Brazil (18%).

Countries with the greatest improvements in this wave: Turkey (33%, +10 pts.), Mexico (24%, +5 pts.), Belgium (26%, +4 pts.), Brazil (18%, +4 pts.), China (57%, +3 pts.), Australia (36%, +3 pts.), Canada (34%, +3 pts.), India (55%, +2 pts.), Spain (15%, +2 pts.) and Hungary (15%, +1 pt.).

Countries with the greatest declines in this wave : Sweden (50%, -10 pts.), Poland (20%, -9 pts.), Great Britain (29%, -4 pts.), Japan (12%, -4 pts.), Saudi Arabia (62%, -3 pts.), Israel (53%, -3 pts.), South Africa (13%, -3 pts.) and Russia (23%, -2 pts.).

Global Average of Future Outlook for Local Economy (24%) Unchanged

The future outlook remains unchanged since last month, with an average of one quarter (24%) of global citizens surveyed in 24 countries expecting their local economy to be stronger six months from now.

Argentina (62%) takes over the lead in this assessment category compared to last month followed by India (58%), China (52%), Brazil (51%), Saudi Arabia (49%), Mexico (32%), Turkey (32%) and the United States (25%). The lowest expectations about the growth of the local economy six months from now hail from France (5%) followed by Sweden (8%), Israel (11%), Japan (11%), Belgium (12%), Hungary (12%) and South Korea (12%).

Countries with the greatest improvements in this wave: Argentina (61%, +19 pts.), Turkey (32%, +12 pts.), China (52%, +8 pts.), Canada (24%, +6 pts.), Russia (24%, +4 pts.), South Africa (15%, +3 pts.), Belgium (12%, +3 pts.) and Hungary (12%, +3 pts.).

Countries with the greatest declines in this wave: : Mexico (32%, -9 pts.), Saudi Arabia (49%, -6 pts.), India (58%, -5 pts.), Sweden (8%, -4 pts.), Australia (17%, -3 pts.), Great Britain (14%, -3 pts.) and Germany (15%, -2 pts.).

Citizens in 24 countries assess the current state of their country’s economy for a total global perspective.

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