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Global survey finds widespread economic gloom

Other News Materials 13 June 2008 03:31 (UTC +04:00)

Public views of the global economy have plummeted in the past year, especially in Western nations that have born the brunt of a worldwide economic slowdown, a global survey found Thursday.

A majority in 18 of 24 major countries now consider the economic situation in their nations "bad," with emerging economies China and India some of the few bright spots, according to the annual Pew Global Attitudes Project.

Views plunged from positive to negative in the United States - where only 20 per cent now view the economy as "good" - as well as in Britain and Spain. Overall, 50 per cent now view their economy positively, down from 61 per cent in 2007.

In contrast, 82 per cent of the Chinese public and 62 per cent in India still view their economies favourably, the survey found.

Most countries blame the United States, the world's largest economy, for their own economic woes. Wide majorities across the world believe the US downturn has had a negative impact on their country's condition, dpa reported.

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