Increase in public concern over world economic growth

Economy

34% of global public opinion expects a tougher economic year, this year, according to the data from the global sociological survey "End of the Year", which is conducted annually by the Gallup International Association. The latest edition of the poll, conducted in the period October - December 2011, collected the standpoints of over 52, 000 men and women from more than 58 countries all over the world.

Last week, we published data on the common expectations of people around the world for the new economic year. According to the survey results, there is an increase in the share of pessimistic expectations for 2012 year-on-year.

A similar trend was observed with regard to the expectations about the economic situation in 2012. 34% of the respondents in 58 countries worldwide stated they expected a year complicated mainly by economic difficulties and the continuing crisis. This share of pessimistic assessments was significantly higher than the proportion of negative economic forecasts expressed in public opinion in 2011, when 28% of the respondents expected 2011 to be difficult in economic terms.

A bit under one third (31%) of the respondents worldwide were optimistic about economic progress and prosperity in 2012. The percentage of optimists remained unchanged from last year's survey data.

Africa was the most optimistic region of the world as regards the expectations for the economic situation in the new year since two-thirds of Africans forecast an economic boom in the coming twelve months. At the opposite end of the spectrum, the pessimistic expectations of Western Europe countries prevailed and 52% expect economic difficulties.

In the spirit of pessimism which grips Western Europe, the countries showing the greatest fear of a continuation and intensification of the economic crisis were namely Western European. French respondents were the most worried about the economic situation in the ongoing year and over 80% of them expected economic difficulties, while optimists constituted only 2%. They were followed by 57% of Austrians who shared gloomy predictions.

Despite the increase in the proportion of pessimistic expectations for global economic growth, the pessimistic trend in the attitudes of Bulgarians towards economic development reported a slight decrease and the share of negative forecasts for economic growth in 2012 was 39%, while last year's survey registered pessimistic attitudes among 44% of Bulgarians. 16% of our fellow citizens were optimistic about economic growth in our country in the coming year, or 3 percentage points higher, compared to last year's survey.

Despite increased optimism among our compatriots, Bulgaria continues to be among the more pessimistic countries because there are substantially gloomier expectations for the new economic year in our country than the average measured among the 58 surveyed countries.

 

Text and photo: www.klassa.bg

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(18.01.2012)