Reply #62: India, China most optimistic about their economic condition [View All]

[Ghost Dog]

SILICON VALLEY: People in India and China remain upbeat and optimistic about their national economic conditions, contrary to the trend witnessed globally, a recent survey by independent body, the Pew Research Centre has found.

Majority of people in 18 of the 24 countries surveyed described the current economic situation of their country as bad and believe things will either worsen or stay constant over the next year, according to the survey conducted on more than 24,000 people in 24 countries.

China and India, however, are exceptions to these trends and publics in the two countries are largely happy with their current economic situation and optimistic about their economic future.

The survey found the people of South Korea were the most overtaken by gloom, with 92 per cent of the respondents saying their national economic conditions is bad, followed by Lebanon (90 per cent), Japan (85 per cent) and France (81 per cent).

The most negative evaluations of economic conditions came from citizens of advanced Western countries, it said.

In fact, in many of these countries the decline in positive view represents a reversal in opinion from positive overall to negative overall in just one year.

In Great Britain, positive views of the economy declined from 69 per cent in 2007 to 30 per cent in 2008, while in US it slipped from 50 per cent to 20 per cent.

/... http://economictimes.indiatimes.com/News/Economy/Indicators/India_China_most_optimistic_about_their_economic_condition/rssarticleshow/3130908.cms