Deepening Economic Doubts in India
The economic euphoria in India over the last few years has suddenly soured. Although still relatively upbeat compared with many other countries, the Indian public’s confidence in their country’s direction and future economic growth has declined significantly compared with just a year ago.
Pervasive Gloom About the World Economy
The economic mood is exceedingly glum all around the world. A median of just 27 percent think their national economy is doing well, according to a survey in 21 countries. Those in emerging markets are more upbeat than those in the European Union and the U.S. The global economic crisis also has eroded support for capitalism.
European Unity on the Rocks
What started out as a European debt crisis has now become a full-blown crisis of public confidence in the European economy, membership in the European Union, the euro and the free market system.
Confidence in Democracy and Capitalism Wanes in Former Soviet Union
Two decades after the Soviet Union’s collapse, Russians, Ukrainians, and Lithuanians are unhappy with the direction of their countries and disillusioned with the state of their politics. Enthusiasm for democracy and capitalism has waned considerably and most believe the changes that have taken place have had a negative impact on many aspects of public life.
The Phantom Recovery
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.