Israeli Satisfied With Economy, but Wary of What Future Holds

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Shoppers at a supermarket. A survey sees economic pessimism persisting worldwide.Credit: Ilan Asayag

Amid an uneven recovery from the recession, economic pessimism persists worldwide, a research survey says.

Israelis were generally satisfied with the current economy and a bit more wary looking a year ahead, the survey said.

From mid-March through early June, Pew Research Center polled more than 48,000 people in a total of 44 countries across advanced, emerging and developing markets.

Broadly, three out of five people surveyed said their countries' economies were performing poorly, Pew, the Washington-based research firm, reported.

In Greece and Italy, almost everyone – 97% and 96% respectively -- said economic conditions were bad. Following them were Spain and Ukraine at 93%. In the U.S. 58% said the economy was not doing well.

Most positive about their current conditions were the Chinese at 89%, the Vietnamese at 87% and the Germans at 85%, Pew reported. Among the Israelis, 59% said the current economy was good.

The economic mood has brightened in some nations, particularly the U.K., from a year earlier. The U.K. saw the biggest jump: 43% said the economy was good, compared with 15% in the survey a year earlier. Israelis' mood brightened as well, with this figure improving to 59% from 43% a year earlier.

On the downside, just 32% of Brazilians said the economy was good in 2014, against 59% a year earlier.

To the question of whether the public was satisfied with the way things were going, in Germany 59% said they were satisfied and 38% were dissatisfied. In Israel, the split was just about even: 49% satisfied and 50% dissatisfied.

In Greece, however, just 5% were satisfied with the way things were going in the country, followed by Lebanon with 7% satisfied.

And looking at the next 12 months, 46% of the respondents overall expected the economy to improve, 26% said it would stay the same and 20% said it would worsen.

In Israel, 33% see the economy improving, 46% see it staying the same and 20% see it worsening. 

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