Most major news venues are preaching about the crash of the global economy, however, there are certain attitudes that have been left untold. In a study done by the Pew Research Center from March 2 to May 1 of this year, attitudes reflect that things are not as bad as they seem, especially from the viewpoints of citizens of emerging economies worldwide.

Citizens of both advanced and developing economies declared that their personal finances were in a positive state despite the unequal and jobless market the recession brought. Citizens of emerging economies were particularly optimistic, 48% expecting their national economies to improve in the next 12 months. 53% of people surveyed in emerging economies said that they thought their economy was doing well. Furthermore, these positive attitudes have changed very little and have even improved from 2007 to 2013.

In contrast, 25% of people living in advanced economies said they thought their economy was failing and as many as 32% said their economy would get worse. The survey revealed that negative attitudes about national economies are more typical of European Countries and advanced economies such as France, Spain, Italy and Greece.

The survey proved that even in the face of a negative reality, emerging economies come out on top. 80% of Chinese citizens and 85% of Malayasian citizens that took part in the survey agreed that their emerging economy was doing well, while 24% of those surveyed in advanced economies thought the opposite about their own national economy. One factor that all participants surveyed could agree on was that the gap between the rich and the poor was definitely increasing, most distressfully in developing countries.

Kira Maixner

Source: Hindustan Times
Photo: The Guardian