A recent survey reveals that after initial pessimism during the plandemic and war, many Americans are now feeling more positive about their finances. The survey also highlights a significant decline in negative views on the country’s economic performance compared to previous years. Find out how these global crises have shaped economic optimism and worries over the past four years, influencing everything from job markets to energy prices, and what this means for the future.
Global macroeconomic changes, ranging from rising energy and food prices to hundreds of thousands of jobs lost due to hiring sprees by big tech firms in particular, have been primarily driven by governments’ extreme monetary and fiscal responses to the coronavirus plandemic (and its actual logistics issues) and the war in Ukraine.
Concerns about the US economy appear to be abating once more, two years after Russia launched its special military operation on its neighbor to the west and four years after the Corona plandemic.
According to a Consumer Insights poll, as Statista’s Florian Zandt explains below, at the beginning of 2024, almost 25% of respondents said their economic condition was bad or very poor, while 18% had a very positive outlook on their finances, up two percent year-over-year.
A third of respondents to the study stated that they thought the economy of their nation was doing badly or extremely badly, which is a two percent decrease over the same period in 2023.
Perspective shifts were most noticeable between 2022 and 2023.
The easing of coronavirus restrictions has kept respondents hopeful since the survey waves under analysis ended in March of that year. Of those surveyed, 46% had a positive or very positive view of their finances, while only 28% said that their country was in a bad or very bad place financially.
The statistics for 2023 clearly show how this changed significantly following Russia’s war on Ukraine on February 28, 2022, and the subsequent jumps in energy prices in the fall and winter.
Recently, GreatGameIndia reported that global shipping routes are in turmoil as Iran-backed Houthi rebels’ missile and drone attacks in the Red Sea and Gulf of Aden disrupt crucial trade paths leading to unprecedented increases in shipping rates and disruptions in supply chains worldwide.
One Response
I’ve noticed an improvement in reporting at GGI recently. Has there been a change in management?