Canadians among most optimistic globally about economy: report
Something else for brain food from the report:Amid pervasive doom and gloom about the global economic crisis, Canadians are among the most optimistic worldwide when it comes to their financial futures, according to a report released Wednesday.
Not unlike people elsewhere, Canadians have deep concerns about the economy and lowered consumer confidence, but they tend to have a rosier view of the future, Tony Coulson, vice-president of Environics Research Group in Ottawa, told the CBC in an interview.
"It's sort of a glass half-full mentality," Coulson said. "It says, 'This is a recession in the stock market rather than on the streets for Canadians,' so they're not feeling the pinch as much and are looking forward to better times ahead."
By comparison, Ireland appears to have a glass half-empty perspective, the Environics study found.
"Ireland is definitely the country where there's the most worry about the economy and the least optimism about the timing of the recovery," Coulson said.
China was the most optimistic overall.......
Interesting... how do you feel about the above situations personally?Among the report's other key findings:
• Seven in 10 Canadians believe the economy is getting weaker, which is one of the highest levels since Environics started tracking this question in 1986. In Greece, 78 per cent think the economy is worsening.
• Half of Canadians believe their economy is already in recession, while 91 per cent of Japanese think theirs is.
• Fifty-six per cent of Canadians say the current economic climate is the worst in their lifetimes, which puts Canada in the middle of the global pack on the issue. By comparison, nearly 89 per cent of Americans feel this way, while only 29 per cent in China do.
• Twenty-nine per cent of Canadians believe the U.S. and former president George W. Bush are to blame for the economic situation, while 45 per cent of Japanese think so and only 17 per cent of Americans do. Globally, national governments were blamed most often for the crisis.
• After the U.S./Bush, 14 per cent of Canadians feel their federal government is to blame for the crisis, followed by the financial industry (six per cent) and corporate greed (six per cent).
• Consumer confidence has weakened globally, with negative sentiment ranging from 20 per cent in China and Germany to 83 per cent in South Korea. Half of Canadians say this is a bad time to buy, putting Canada in the middle of the pack.
• Three in 10 Canadians are worried about losing their jobs, a level that is well below other countries. In Russia, for example, 71 per cent are very concerned or somewhat concerned about job loss.
• Canadians are optimistic about the future. Seventy-one per cent don't expect the recession to last more than two years, compared with Ireland, where only 18 per cent feel this way.
• Forty per cent of Canadians think their personal financial prospects will improve in the next six months, which is second only to the U.S. at 59 per cent.
(Not how you feel about the report, but the questions asked.... AKA: if you were asked the above how would you respond?)