USA TODAY: ...Most people in advanced economies (64%) and emerging ones (59%) describe their country’s economic condition as bad, while 51% of people in developing countries call it good…
Countries with the worst outlooks of their economic situation are Greece (97%), Italy (96%), Spain (93%), Ukraine (93%) Lebanon (91%) and France (88%).
Countries with the brightest outlooks of conditions are China (89%), Vietnam (87%), Germany (85%), Malaysia (72%). Bangladesh (71%) and Chile (69%)… (more)
EDITOR: Who ever wrote the article understates the extraordinary finding that inhabitants of Asian nations are wildly optimistic while those from Western nations, including the USA, are very pessimistic.
We encourage reading the entire article and, if a newspaper copy is available, check out the accompanying chart. Examples: “Good”: China 89%, Vietnam, 87%, Germany, 85%, Malaysia, 2%, Bangladesh 71%, USA 44%. “Bad”: Lebanon 91%, Spain 93% ,Ukraine 93%, Italy 96%, Greece 97%.
Of course the cause of the problem has been Western nations turning their back on Keynesian economics that prescribes fiscal stimulus during recessions and instead relying on cheap money through monetary policy.
