Pervasive Gloom About the World Economy

Jul 12, 2012

The economic mood is exceedingly glum all around the world. A median of just 27 percent think their national economy is doing well, according to a survey in 21 countries by the Pew Research Center’s Global Attitudes Project. Only in China (83%), Germany (73%), Brazil (65%) and Turkey (57%) do most people report that current national economic conditions are good.

The public mood about the economy has worsened since 2008 in eight of 15 countries for which there is comparable data, while it is essentially unchanged in four others. The Chinese are the lone exception. They have been positive about their economy for the past decade.

Less than a third of Americans (31%) say the U.S. economy is doing well. That figure is up 13 percentage points from 2011. (But it is down 19 points from 2007, the year before the financial crunch began.) A median of just 16% of Europeans surveyed think their economy is performing up to par. That includes just 2% of the Greeks and 6% of the Spanish and Italians. Among Europeans, only the Germans (73%) give their economy a thumbs up. And just 7% of Japanese believe their economy is doing well.

Read the full report, Pervasive Gloom About the World Economy, on the Pew Global Attitudes Project's website.

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