Nearly a decade after the worst economic downturn since the Great Depression, economic spirits are reviving, a PEW survey found. Economic spirits reviving everywhere? No. Not everywhere. Greeks remain pessimistic. No wonder about that, as they see no present and no future.
As KeepTalkingGreece,com reports, according to a survey conducted by Pew Research Center, many Europeans, Japanese and Americans feel better today about their economies than they did before the financial crisis. More broadly, in 11 of 18 countries from across the globe that were surveyed in both 2016 and 2017, publics feel more positive about their economy than they did a year ago.
The Dutch, Germans, Swedes and Indians see their national economies in the most positive light. While global publics are increasingly upbeat about economic conditions, the overall view of the economy is still in negative territory in many countries. Overall, a median of only 46% in the 32 nations surveyed this year say their current economy is doing well.
But as the table below illustrates, a staggering 98% of Greeks view their current economic situation as "bad."
At the same time, many are concerned about the future: A median of just 41% believe that a child in their country today will grow up to be better off financially than their parents. The most pessimistic about prospects for the next generation are the French, Japanese and Greeks.
People in advanced economies are quite pessimistic about young people’s financial prospects, just 34% believe they will be better off than the current generation.
Such despair is particularly strong in Greece, Japan, France, Australia, Canada, Spain and the UK, where roughly seven-in-ten people say today’s children will be worse off.