{"id":29254,"date":"2017-06-05T16:49:49","date_gmt":"2017-06-05T21:49:49","guid":{"rendered":"https:\/\/beta.pewresearch.org\/pewresearch-org\/2017\/06\/05\/1-mixed-views-as-some-economies-recover-others-slow\/"},"modified":"2024-04-14T03:56:49","modified_gmt":"2024-04-14T08:56:49","slug":"1-mixed-views-as-some-economies-recover-others-slow","status":"publish","type":"post","link":"https:\/\/beta.pewresearch.org\/pewresearch-org\/global\/2017\/06\/05\/1-mixed-views-as-some-economies-recover-others-slow\/","title":{"rendered":"1. Mixed views as some economies recover, others slow"},"content":{"rendered":"

<\/a>North America more upbeat than Europe<\/h3>\n\n
\"\"<\/a><\/figure>\n\n

What a difference a year can make \u2013 or possibly an election, a rise in the stock market and a falloff in the U.S. unemployment rate. The U.S. economy grew by 1.5% in 2016, down from 2.6% growth in 2015, according to OECD data<\/a>. Nevertheless, six-in-ten people in the United States (58%) say the economic situation is very or somewhat good. In 2016 just 44% of the American public described the economy as good.<\/p>\n\n

This is the most upbeat assessment<\/a> of U.S. economic conditions and only the second time that half or more of those surveyed have given the economy a positive rating since 2007. Newfound satisfaction among Republicans over the past year is driving this increase.<\/p>\n\n

There is currently no major partisan difference in public views of the economy. Roughly six-in-ten Republicans (61%) and Democrats (60%) say conditions are good today. But positive sentiment among Republican Party supporters has roughly doubled in the past year, from 31% in 2016.<\/p>\n\n

Americans who are older, wealthier and have more education are also more satisfied with the economy. Notably, there is a 14-percentage point difference in positive views of the economy between those who have a college education or more and those with a high school education or less.<\/p>\n\n

Canadians have an equally bright view of their economic situation: 59% say it is good, up 11 points from 2016 but largely unchanged from 2015. In 2007, before the financial crisis, 80% of Canadians were upbeat about their economic conditions.<\/p>\n\n

As in the U.S., partisan politics play a role in Canadians\u2019 views of their economy. Nearly eight-in-ten Canadians who identify with the ruling Liberal Party (78%) believe economic conditions are good. Only 46% of Conservatives agree, as do 55% of those who identify with the New Democratic Party. Conservatives\u2019 views are unchanged from 2016. Liberals\u2019 opinion has improved 22 points and NDP supporters\u2019 views are up 13 points.<\/p>\n\n

Since the 2008 financial crisis, most Europeans have been quite dispirited<\/a> about economic conditions in their country. Now, as the economy in a number of nations has begun to recover<\/a>, the public mood is brightening. Among the Dutch, 87% believe economic conditions are good, as do nearly two-thirds of the Poles (64%). That\u2019s a 25-point increase in the Netherlands and a 15-point increase in Poland from 2016. And while only 28% of the Spanish say their economy is doing well, their views are also up 15 points. Even in Germany (86%) and Sweden (84%), where publics have felt good about their economic situation for some time, this year such sentiment is up 11 points in Germany and 8 points in Sweden. Even in France, where only 21% say the economy is good, that assessment is up 9 points from 2016.<\/p>\n\n

Asian-Pacific nations mostly pleased with economy<\/h3>\n\n
\"\"<\/a><\/figure>\n\n

In the Asian-Pacific nations surveyed, Indians and Filipinos are the most positive about their economic conditions. The South Koreans are the most downbeat.<\/p>\n\n

Roughly eight-in-ten in India (83%) and the Philippines (78%) say the state of their economy is good. Notably, 30% of Indians believe their economy is very<\/em> good, the strongest such sentiment among any country in the survey. Since 2015, Filipino positive assessment of their economy has improved 15 points.<\/p>\n\n

Australia has not experienced a recession<\/a> for a quarter-century. And Australians are upbeat about their economic conditions: 60% say they are good.<\/p>\n\n

Japan, by comparison, has struggled with slow growth<\/a> for more than two decades and is only now showing some signs<\/a> of recovery. Roughly four-in-ten Japanese (41%) believe their economic situation is good, but that is up 11 points from 2016.<\/p>\n\n

South Koreans are troubled by their economy: Only 15% think it is going well, while 84% voice the view that economic conditions are bad.<\/p>\n\n

Largely negative economic assessments in Africa and Latin America<\/h3>\n\n
\"\"<\/a><\/figure>\n\n

In Turkey (65% good) and Israel (62%), the two Middle Eastern countries surveyed, publics are fairly positive. And both assessments are up significantly since 2015: 18 points in Turkey, 13 points in Israel.<\/p>\n\n

Half or more in four of five African nations give their economies a thumbs-down. Only in Senegal (76%) do people say their economic conditions are good. Just four-in-ten South Africans (45%), Kenyans (43%) and Nigerians (41%) agree. South Africans ages 50 and older are particularly downbeat \u2013 only 38% see their economy as doing well.<\/p>\n\n

Majorities in all Latin American countries say economic conditions are bad. Just 15% of Brazilians believe their economy \u2013 which shrank by 3.4% in 2016, according to the OECD<\/a> \u2013 is in good shape. Venezuelans \u2013 whose economy contracted an estimated<\/a> 18% in 2016 \u2013 and Argentinians are not that much more upbeat, with 20% and 23% respectively having positive views of their economies. The most satisfied with their economic situation among the Latin Americans surveyed are the Chileans. And even there only 45% say the economy is good.<\/p>\n\n

<\/h3>","protected":false},"excerpt":{"rendered":"

North America more upbeat than Europe What a difference a year can make \u2013 or possibly an election, a rise in the stock market and a falloff in the U.S. unemployment rate. The U.S. economy grew by 1.5% in 2016, down from 2.6% growth in 2015, according to OECD data. Nevertheless, six-in-ten people in the […]<\/p>\n","protected":false},"author":148,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"apple_news_api_id":"","apple_news_api_revision":"","apple_news_api_created_at":"","apple_news_api_modified_at":"","apple_news_api_share_url":"","apple_news_api_pending":"","apple_news_is_preview":false,"apple_news_is_hidden":false,"relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"displayBylines":true,"footnotes":"","prc_watchers":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"jetpack_post_was_ever_published":false},"categories":[232],"tags":[],"bylines":[988],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[525],"workflow-status":[],"class_list":["post-29254","post","type-post","status-publish","format-standard","hentry","category-economic-conditions","bylines-bruce-stokes","formats-report","research-teams-global"],"label":false,"post_parent":29266,"word_count":743,"canonical_url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/global\/2017\/06\/05\/1-mixed-views-as-some-economies-recover-others-slow\/","art_direction":{"A1":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=564&h=317&crop=1","width":564,"height":317,"chartArt":false},"A2":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"A3":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=194&h=110&crop=1","width":194,"height":110,"chartArt":false},"A4":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"XL":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=640&h=405&crop=1","width":640,"height":405,"chartArt":false},"social":{"id":38012,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2017\/06\/PG_17.06.01_World-Economy_WEB.png?w=640&h=488&crop=1","width":640,"height":488,"chartArt":false}},"_embeds":[],"watchers":[],"table_of_contents":[{"id":29266,"title":"Global Publics More Upbeat About the Economy","slug":"global-publics-more-upbeat-about-the-economy","link":"https:\/\/beta.pewresearch.org\/pewresearch-org\/global\/2017\/06\/05\/global-publics-more-upbeat-about-the-economy\/","is_active":false},{"id":29254,"title":"1. 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