While people in emerging markets worry about the economic mobility of their children, they are four times more optimistic about the future for their children than Europeans and twice as optimistic as Americans.
Emerging markets may well lead the way to a global recovery. What do we call them then?
2. Emerging Markets
There’s doom and gloom and then there’s the emerging markets
According to a Pew Research Center survey published on July 12, 2012
there’s a lot of doom and gloom about the world economy.
3. Emerging Markets
In a survey of 21 countries, 83%
a median of just 27 percent 73%
think their 65%
national economy 57%
is doing well.
31%
6% 6% 7%
2%
4. Emerging Markets
Less than a third of
Americans (31%) say the
U.S. economy is doing well.
Actually, that figure is up 13
percentage points from 2011,
but is down 19 points from 2007
– the year before the financial
blowup.
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.
5. Emerging Markets
Only the Germans give their
economy a positive review
(73%).
In Japan, only 7% feel their
economy is doing well.
Pessimism about the young people’s ability to do better than their
parents is very low, particularly in Europe (only 9% think it will be
easy) and in Japan it is 10%.
6. Emerging Markets
Elsewhere, China (83%), Brazil (65%) and Turkey (57%) report that
the condition of their national economies is good.
In China 57% say it
will be easy for their
children to become China
wealthier or to get a Brazil
better job.
Turkey
7. Emerging Markets
While people in
emerging markets also
worry about the
economic mobility of
their children, they are
four times more China
optimistic about the Brazil
future for their Turkey
children than
Europeans and twice
as optimistic as
Americans.
8. Emerging Markets
One of the consequences of the recession is a loss of faith in
capitalism and the free market.
In just 13 of the 21 countries surveyed, half or more
agree with the statement that people are better off
in a free market economy.
9. Emerging Markets
Support for capitalism is greatest in Brazil (75%), China (74%),
Germany (69%) (although East Germans are less
supportive than West Germans) and the U.S. (67%).
The biggest skeptics are in Mexico (34%)
and Japan (38%).
The biggest declines in support for
capitalism are in Italy (down 23 points) and
Spain (down 20 points).
10. Emerging Markets
Emerging markets may well
lead the way to a global
recovery.
What do we call them then?
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