As the coronavirus crisis continues, developments at the Pew Research Center show that public belief that the economy has “darkened” into giant portions of the world.
A median of 68% of other people considered that the existing economic scenario in their country was bad, according to the researchers, while 31% said that the situation was good.
Italy had the number of other people who negatively rated the economic scenario, with 90% describing it as “bad. “
In 8 of the 14 countries studied, adding up to the United Kingdom, France and South Korea, most people expected their country’s economy to deteriorate.
In the United States, Germany, and Canada, however, others were more likely to say that the economy would do so over the next year than to say it would get worse.
Researchers noted that in almost every country surveyed, the belief in the seriousness of the economy is similar to the way the country has treated the coronavirus crisis: other people who saw their country’s reaction negatively were more likely to have a negative response. view of the economic situation.
“In addition to general negative evidence of existing economic conditions, few in the countries studied expect things to happen next year,” researchers Shannon Schumacher and Mara Mordecai wrote.
Countries around the world now face the terrible economic consequences of the pandemic. Australia has entered its first recession in nearly 30 years. The UK entered its first recession in more than a decade; CNN reports that the UK economy contracted more than 20% between April and June. France has just presented a $118 billion stimulus package to combat its own economic problems. Japan’s economy experienced its biggest decline, the BBC reported, after its GDP fell by just about 8% between April and June. In the United States, billions of dollars in stimulus spending are on track to bring debt to degrees of GDP above one hundred percent next year.
Opinions on the economy are very negative in many countries amid COVID-19 (Pew Research Center)
Thanks to stimulus spending, US debt is expected to be in the middle of the us. But it’s not the first time Exceed that of the economy as a total next year (Forbes)
The economy at a historical annual rate of 33% at the time of the quarter, but that is not the total history (Forbes)
I’m a last-minute reporter for Forbes and I on economic policy and money markets. I finished my master’s degree in economic and commercial relations in New York.
I’m a last-minute reporter for Forbes and I’m in economic policy and money markets. I finished my master’s degree in business and economics at New York University. Before I trained a journalist, I worked as a legal assistant specializing in corporate compliance.