Emerging economies might have been slammed by the markets this year, but the emerging public doesn’t seem to mind too much.
The majority of publics around the world are not happy about their country’s direction…particularly in advanced economies. In a recent Pew Research Center survey of 39 countries, only 24% of people in advanced nations believe the economy is doing well. But the mood is strikingly better in emerging economies, where 53% are happy.
Among advanced economies, only in Germany and Canada are over 50% happy with the direction the country is going. And no surprise, satisfaction in the euro zone is the lowest: only 2% of people in Greece think the country is on track, along with 3% in Italy and 5% in Spain.
Source: Pew Research Center
And among emerging economies, the vast majority in China (85%) are pleased with the economy, followed by 82% in Malaysia.
Source: Pew Research Center
Emerging market publics also managed to weather the global downturn better than advanced nations. From 2007 to today, sentiment changed little through the emerging world.
