The global aggregate national economic sentiment dropped two points this month to 38%. The downward movement comes directly after a period of relative consistency for the global average. This measure takes us back to March 2011 and is on par with January 2010, says the report.
All three metrics measured monthly: assessments of their current national economy (-2 points to 38%), current local economy (-2 pts to 29%) and future outlook (-1 pt to 24%), reflect this drop. And, the future outlook is in a continuous downward trend: from 31% positive outlook in March 2010 to 24% now.
While Europe continues to weigh down the global average, though its downward movement in this wave is only one point across the board. It's the Middle East and Africa as a region that shows the greatest downward shifts
The latest survey reports a five-point drop for Americans across all three measures (14% national, 17% local, 17% future of local). But right next door, says the report, Canada is buoyant at 73% on the national economy, second highest in the world.
Results from Greece and Ireland in the study show that Greece is the lowest-ranked country on all three measures, with only 4% saying that the current economic situation in their country is "good", 5% agree that the local economy is "strong" and only 3% agree the six-month outlook for the local economy is going to be "stronger".
Ireland ranks low on the list as well; fifth-last on ratings of the national economy (7%), fourth-last on local economy (8%) and eighth-last on the local economy's future outlook (11%).
The Asia-Pacific region has traditionally been a top performer on economic assessments, with citizens reporting in at levels considerably higher than the global average. The region, though, has been showing consistent downward momentum on all three measures since October of 2010 and now reports confidence sentiment on par with that of the global average ratings.
Asia-Pacific Region (APAC) Performance (2011 vs. 2010) | ||||||
| October 2010 | August 2011 | Change (in % points) | |||
| APAC | Global | APAC | Global | APAC | Global |
National Economic Assessment | 53% | 42% | 39% | 38% | -14 | -4 |
Local Economic Assessment | 38% | 30% | 28% | 29% | -10 | -1 |
Six Month Outlook On Local Economy | 31% | 28% | 24% | 24% | -7 | -4 |
Source: The Economic Pulse, September 2011 |
The average global National Economic Assessment of national economies surveyed in 24 countries is down two points since the last sounding with 38% now reporting current economic conditions in their country are "good". This measure takes us back to March 2011 and is on par with January 2010.
The world's winning and losing teams are comprised of the same players month after month, even despite the economic turmoil shaking things up at the time of fielding:
The global average of Local Economic Assessment (29%) among the 24 countries is down one point from last month. Only three in ten (29%) global citizens agree the state of the current economy in their local area is "good:"
According to citizen assessments on the extent to which they think their local economy will be "stronger", "weaker" or "about the same" six months from now, a global average of one quarter (24%) believe it will be stronger.
The full report is free of charge and may be downloaded through this summary.
The results of the survey are from an international sample of 18,607 adults aged 18-64 in the US and Canada, and age 16-64 in all other countries, including Argentina, Australia, Belgium, Brazil, Canada, China, France, Great Britain, Germany, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the United States of America.
I usually love reading this feed, but today, I am disgusted.
"All's Not Right With the [economic] World" because 18,607 "adults" from 26 countries aged 16-64 say so? Teenagers, really? Ipsos should be shot.
Yes, scrambling for attention is tough in the digital world, but shock titles and negative tones are the easy way out.
We may not be able to put a positive spin on dreary economics, but we can at the very least, attempt integrity.
How many would volunteer to move and live in Saudi Arabia ? We have yet to learn where many anti-western sentiments seed .