Sunday, September 14, 2014

Poll: How Do People around the World perceive Their Own Economies

Think the economic recovery isn't going so well? You're not alone.
A 44-country survey shows that 60% of people say their own country's economy performs poorly, and 69% say it's headed in the wrong direction, according to a Pew Research Center report released Tuesday.
"Six years after the beginning of the Great Recession, amid an uneven global economic recovery, publics around the world remain glum," the report concluded. "In most nations, people say their country is heading in the wrong direction, and most voice the view that economic conditions are bad."
The survey, conducted in each of the 44 countries, found that people's moods reflect what has been a slow economic turnaround. In the first quarter of 2014, global growth slowed to 2.75%, a full percentage point down from the second half of 2013, according to the International Monetary Fund.
There were some interesting patterns in the way people view their economic prospects.
Most people in advanced economies (64%) and emerging ones (59%) describe their country's economic condition as bad, while 51% of people in developing countries call it good.


Read the rest of the story HERE.

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