Ipsos Global @dvisor 28: The economic pulse of the world: January 2012

Global @dvisor Global @d isorThe Economic Pulse of the WorldCitizens in 24 Countries Assess the Current State of theirCountry’s Economy for a Total Global Perspective A Global @dvisory – January 2012 – G@28 The Economic Pulse

These are the findings of the Global @dvisor Wave 28 (G@28), an Ipsos survey conducted between December 6th and December 19th, 2011. SURVEY METHOD COUNTRIES SAMPLE WEIGHTING• The survey instrument is • The countries reporting herein • For the results of the survey • Weighting was then employed conducted monthly in 24 are Argentina, Australia, presented herein, an to balance demographics and countries around the world via Belgium, Brazil, Canada, international sample of 21,245 ensure that the samples the Ipsos Online Panel system. China, France, Germany, adults age 18-64 in the US and composition reflects that of the Great Britain Hungary, India Britain, Hungary India, Canada, Canada and age 16-64 in all 16 64 adult population according to Indonesia, Italy, Japan, other countries, were the most recent country Mexico, Poland, Russia, Saudi interviewed. Approximately Census data, and to provide Arabia, South Africa, South 1000+ individuals participated results intended to Korea, Spain, Sweden, Turkey on a country by country basis approximate the sample and the United States of via the Ipsos Online Panel with universe. A survey with an America. America the exception of Argentina, Argentina unweighted probability sample Belgium, Indonesia, Mexico, of this size and a 100% Poland, Russia, Saudi Arabia, response rate would have an South Africa, South Korea, estimated margin of error of +/- Sweden and Turkey, where 3.1 percentage points for a each have a sample sample of 1,000 and an approximately 500+. 500+ estimated margin of error of +/ +/- 4.5 percentage points 19 times out of 20 per country of what the results would have been had the entire population of adults in that country had been polled. All sample surveys and ll d l d polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error. A Global @dvisory – January 2012 – G@28 2 The Economic Pulse

Analytic Components… There are three analytic components that make up the findings of this monthly Economic Pulse report. Each question is tracked and analyzed from questions dealing with: The Th currently perceived macroeconomic state of tl i d i t t f the respondent’s country: • Thinking about our economic situation, how would you describe the current economic situation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad?  The currently perceived state of the local economy: • Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong econom toda and 1 means a very weak econom here er economy today er eak economy.  A six month outlook for the local economy: • Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 3 The Economic Pulse

SUMMARY A Global @dvisory – January 2012 – G@28 4 The Economic Pulse

A Global Pause December economic confidence assessment levels softened this wave, in step with the trend seen for the second half of 2012: up one point one month, down one point the next, ending off in December with a one-point dip to 38% of global citizens , g p p % g assessing current national economic conditions in their country as “good”. Despite the subtle zig-zag, the aggregate assessment rating of national economies has h remained essentially unchanged. Thi t d i mirrored b a l k of movement thi i d ti ll h d This trend is i d by lack f t this sounding by the global assessments of current local economic conditions (29% ‘strong’) and expectations of the future of the local economy (24% ‘stronger’). The relative stability seems to imply a g y p y global pause, as the world took a deep breath p , p in December, waiting to see what 2012 will bring. But on the regional level, the economic assessments show more variation. In fact, every e er geographic region e perienced some mo ement this sounding on experienced movement so nding assessments of their national economy. The Middle East and Africa (59%) improved one point while North America (42%) improved two points. Latin America ( (46%) declined three p ) points, Asia-Pacific (42%) declined two p , ( ) points and Europe ( p (23%), ), already in last place by a painful margin, softened an additional point. – Europe’s declining figures are dragged in particular by Belgium, which dropped 17 points since its 2011 highpoint in April. Since May, Italy has dropped eight points, Great Britain five points, and even juggernaut Germany, a global leader, is showing a modest decline of four points since May. A Global @dvisory – January 2012 – G@28 5 The Economic Pulse

The United States: Hints at an Upswing? The last quarter of 2011 proved quite interesting in ocal North America. On predictions of the future of their Future Lo local economies, Americans improved eight points l l i A i i d i ht i t and have overtaken the Canadians. 15% 23% – US (23%) vs. Canada (19%) reporting they expect the g future of their local economies to be ‘stronger’ 17% 19% F America’s hopefulness comes at a time when both national and local economic assessments trended upwards last quarter. Local – 21% say national economy is “good”, +6 pts since Sept 48% 45% – 23% say local economy is ‘strong’, +5 pts since Sept 18% 23% Canada continues to be a global leader on economic confidence, though its national and local al Nationa assessments are both reporting three points lower 66% 63% this sounding than in September. – 63% say national economy is “good”, -3 pts since Sept – 45% say local economy is ‘strong’, -3 pts since Sept % y y g, p p 15% 21% A Global @dvisory – January 2012 – G@28 6 The Economic Pulse

THE WORLD at a GLANCETHEWORLDat aGLANCE A Global @dvisory – January 2012 – G@28 7 The Economic Pulse

One Point Dip for the Global Average of National Economic Assessments (38%) The global aggregate assessment of national economies inches back downwards one point this month to 38% of global citizens reporting current economic conditions in their country are “good”. good The polls finds Saudi Arabia (86%) has inspired the most economic confidence among its residents, by a wide margin. Consistent global leaders Sweden (74%), Australia (68%), India (68%) and C d Canada (63%) appear t t il b hi d S di A bi ’ near unanimous national d to trail behind Saudi Arabia’s i ti l economic assurance. The people of Hungary (2%), Spain (4%), Italy (5%), France (5%), Japan (8%) and Great Britain (8%) appear to find little reason to have confidence in their national economies. Countries with the greatest improvements: Russia (+5 to 30%), Turkey (+4 to 58%), the United States (+2 to 21%), Australia (+1 to 68%), C U it d St t ( 2 t 21%) A t li ( 1 t 68%) Canada ( 1 t 63%) Sweden (+1 to d (+1 to 63%), S d ( 1 t 74%), Spain (+1 to 4%) and Japan (+1 to 8%). Countries with the greatest declines: South Korea (-5 to 21%), Belgium ( 5 to 19%), (5 (-5 Indonesia (-4 to 46%), Saudi Arabia (-3 to 86%), Germany (-3 to 61%), Argentina (-3 to 52%) and Brazil (-3 to 56%). A Global @dvisory – January 2012 – G@28 8 The Economic Pulse

No Change for the Global Average of Local Economic Assessment (29%) The global average of local economic assessment among the 24 countries remains unchanged again this month with three in ten (29%) citizens rating their current local economies as “good ” good. When asked to assess their local economies, a 16-point gap exists between Saudi Arabia (64%) and runners up China (48%), India (48%) and Sweden (48%). Australia (47%) and Brazil B il (46%) are next i li t in line. Japan (5%) sits in last place on this measure, followed by Spain (6%), Hungary (7%), Italy (10%) and France (12%). Countries with the greatest improvements: Sweden (+5 to 48%), the United States (+4 to 23%), Poland (+2 to 21%), Canada (+1 to 45%), Russia (+1 to 19%), Turkey (+1 to 45%) and A t li ( 1 t 47%) d Australia (+1 to 47%). Countries with the greatest declines: Saudi Arabia (-3 to 64%), Brazil (-3 to 46%), Germany (2 (-2 to 41%), Spain ( 2 to 6%), South Africa (-2 to 23%), Belgium (-2 to 14%) and Argentina (-2 (2 (2 (-2 to 34%). A Global @dvisory – January 2012 – G@28 9 The Economic Pulse

Global Average of Future Outlook for Local Economy Remains Unchanged (24%) Since August 2011 When asked to look ahead six months from now, one quarter (24%) of them expect the economy in their local area to be “stronger,” a figure that has remained unchanged since August of last year year. This wave shows, yet again, that Brazil’s future outlook trumps all the rest with seven in ten (71%) reporting they expect their local economies to be stronger. Saudi Arabia (60%) falls next, followed b I di (50%) Argentina (45%) M i (39%) and I d t f ll d by India (50%), A ti (45%), Mexico d Indonesia (37%) i (37%). Almost no one in France (2%) seems to express confidence in the future of their local economy. Similarly, those in Hungary (3%), Belgium (5%), Japan (7%) and Great Britain (7%) rank last on this measure. Countries with the greatest improvements: Turkey (+7 to 35%), Saudi Arabia (+6 to 60%), Indonesia ( 5 t 37%) Spain (+4 to 21%), Poland (+3 to 16%) and the United States (+3 to I d i (+5 to 37%), S i ( 4 t 21%) P l d ( 3 t d th U it d St t ( 3 t 23%). Countries with the greatest declines: China (-10 to 32%), Italy ( 9 to 12%), Sweden (-4 to ( 10 (-9 (4 12%), South Africa (-4 to 16%) and Hungary (-3 to 3%). A Global @dvisory – January 2012 – G@28 10 The Economic Pulse

1. National Economic Assessments: Countries at a Glance Compared to the Last Wave… Those Countries Where the Country Economic Assessment… is has experienced an has experienced a is HIGHEST IMPROVEMENT DECLINE LOWEST this month since last sounding since last sounding this month Saudi Arabia 86% Russia  5 China  7 Hungary 2% Sweden 74% Turkey  4 South Korea  5 Spain 4% Australia 68% United States  2 Belgium  5 Italy 5% India 68% Australia  1 Indonesia  4 France 5% Canada 63% Canada  1 Saudi Arabia  3 Japan 8% Germany 61% Sweden  1 Germany  3 Great Britain 8% Turkey 58% Spain  1 Argentina  3 Belgium 19% Brazil 56% Japan p  1 Brazil  3 United States 21% China 55% Mexico  2 South Korea 21% Great Britain  2 France  2 Poland P l d  1 Hungary  1 Italy  1 India  1Thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 11 The Economic Pulse

1. National Economic Assessment: Regions at a Glance Compared to the Last Wave… CHANGE REGION NET (since last (in descending order by NET) ‘Good’ sounding) Middle East/Africa 59% 1% BRIC 52% 2% LATAM 46% 3% North America (Can/US) 42% 2% APAC 42% 2% G8 25% N/C Europe 23% 1%Thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 12 The Economic Pulse

2. Local Economic Assessment: Countries at a Glance Compared to the Last Wave… Those Countries Where the Local Area Economic Assessment… is has experienced an has experienced a is HIGHEST IMPROVEMENT DECLINE LOWEST this month since last sounding since last sounding this month Saudi Arabia 64% Sweden  5 Saudi Arabia  3 Japan 5% China 48% United States  4 Brazil  3 Spain 6% India 48% Poland  2 Germany  2 Hungary 7% Sweden 48% Canada  1 Spain  2 Italy 10% Australia 47% Russia  1 South Africa  2 France 12% Brazil 46% Turkey  1 Belgium  2 Great Britain 13% Canada 45% Australia  1 Argentina  2 Belgium 14% Turkey 45% Mexico  1 South Korea 17% Indonesia  1 Russia 19% Japan J  1 Poland P l d 21% Hungary  1 South Korea  1Rate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy A Global @dvisory – January 2012 – G@28 13 The Economic Pulse

2. Local Economic Assessment: Regions at a Glance Compared to the Last Wave… REGION NET CHANGE (in descending order by NET) ‘Strong’ (since last sounding) Top 3 Box (5-6-7) Middle East/Africa 44% 2% BRIC 40% 1% North America 34% 2% LATAM 34% 2% APAC 31% N/C G-8 Countries 21% N/C Europe E 19% N/CRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy A Global @dvisory – January 2012 – G@28 14 The Economic Pulse

3. Six Month Outlook on the Local Economy: Countries at a Glance Compared to the Last Wave… Countries where the Assessment of the Local Economic Strengthening … is has experienced an has experienced a is HIGHEST IMPROVEMENT DECLINE LOWEST this month since last sounding since last sounding this month Brazil 71% Turkey  7 China  10 France 2% Saudi Arabia 60% Saudi Arabia  6 Italy  9 Hungary 3% India 50% Indonesia  5 Sweden  4 Belgium 5% Argentina 45% Spain  4 South Africa  4 Japan 7% Mexico 39% Poland  3 Hungary  3 Great Britain 7% Indonesia 37% United States  3 South Korea  2 Sweden 12% Turkey 35% Japan  1 Russia  2 South Korea 12% China 32% Belgium  1 Great Britain  2 Italy 12% Germany  2 Germany 13% Australia  2 Russia 15% Argentina  2 Brazil  1Looking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 15 The Economic Pulse

3. Six Month Outlook on Local Economy: Regions at a Glance Compared to Last Wave… REGION NET CHANGE (in descending order by NET) ‘Stronger’ (since last sounding) LATAM 51% 2% BRIC 42% 3% Middle East/Africa 37% 3% APAC 24% 2% North America 21% 2% G-8 Countries 12% 2% Europe 10% 1%Looking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 16 The Economic Pulse

DETAILED FINDINGS A Global @dvisory – January 2012 – G@28 17 The Economic Pulse

 Assessing The Current Economic Situation Sit ti … …in Their Country yDetailed Tables B.3 A Global @dvisory – January 2012 – G@28 18 The Economic Pulse

Global Citizens Assess the Current Economic Situation in their Country as “Good” ‘Very Good / Somewhat Good’ Total 38% Saudi Arabia 86% Sweden 74% Australia 68% India 68% Canada 63% Germany 61% Turkey 58% Brazil 56% China 55% Argentina 52% Indonesia 46% South Africa 32% Mexico 30% Russia 30% Poland 27% % South Korea 21% United States 21% Belgium 19% Great Britain 8% Japan 8% France 5% Italy 5% Spain 4% Hungary 2%Now thinking about our economic situation, how would you describe the current economicsituation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 19 The Economic Pulse

1 Global Average Tracked - Global Citizens Assess the Current Economic Situation in their Country as “Good”:… Total Good 70% 60% 56% 55% 50% 45% 42% 41% 41% 40% 41% 40% 40% 41% 40% 41% 40% 40% 38% 38% 39% 39% 38% 38% 39% 38% 39% 38% 40% 32% 29% 30% 20% 10% 0% Dec/10 Dec/11 Apr/07 Oct/07 Apr/08 Apr/09 Apr/10 Jun/10 Jul/10 Aug/10 Sept/10 Feb/11 Jun/11 Oct/10 Jan/11 Mar/11 Apr/11 Jul/11 Aug/11 Sept/11 Oct/11 Nov/08 v/Jan/10 Nov/10 Nov/11 May/10 May/11 S S NovNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 20 The Economic Pulse

For All Countries Tracked: Citizens Assess the Current Economic Situation in their Country as “Good” Now thinking about our economic situation, how would you describe the current economic situation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad? Nov/09 Mar Apr May Jun July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan/10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘10 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 ‘11 Argentina 28% 21% 25% 27% 39% 34% 36% 38% 35% 42% 39% 45% 41% 43% 46% 46% 47% 50% 50% 59% 54% 55% 52% Australia 82% 80% 73% 74% 72% 72% 72% 77% 78% 74% 75% 78% 72% 70% 70% 73% 66% 64% 56% 61% 62% 67% 68% Belgium 28% 29% 22% 23% 22% 29% 33% 36% 29% 28% 31% 34% 39% 36% 41% 40% 42% 41% 37% 31% 25% 24% 19% Brazil 72% 59% 60% 65% 65% 55% 60% 58% 66% 64% 62% 56% 61% 53% 52% 51% 51% 53% 52% 55% 55% 59% 56% Canada 60% 65% 67% 64% 68% 68% 65% 68% 63% % 63% 62% 68% 68% 64% % 68% 69% % 69% % 72% % 73% % 66% % 66% % 62% % 63% % China 78% 80% 82% 78% 77% 74% 77% 75% 79% 74% 72% 74% 73% 67% 75% 68% 68% 66% 61% 65% 65% 62% 55% France 14% 11% 9% 8% 6% 9% 12% 10% 10% 12% 12% 11% 10% 10% 8% 11% 12% 8% 12% 7% 6% 7% 5% Germany 44% 37% 45% 37% 38% 48% 55% 56% 64% 67% 63% 64% 64% 62% 67% 68% 68% 71% 66% 63% 64% 64% 61%Great Britain 14% 17% 17% 13% 13% 13% 16% 16% 12% 16% 13% 15% 12% 8% 10% 15% 13% 10% 11% 17% 11% 10% 8% Hungary H 7% 4% 8% 8% 8% 9% 11% 7% 13% 7% 6% 3% 5% 3% 6% 5% % 6% 5% % 4% 4% 2% 3% 2% India 82% 83% 86% 85% 85% 78% 80% 82% 88% 88% 87% 76% 77% 73% 76% 73% 71% 62% 69% 69% 75% 69% 68% Indonesia - 49% 52% 52% 49% 51% 39% 49% 54% 45% 48% 37% 38% 40% 46% 47% 40% 41% 36% 42% 35% 50% 46% Italy 24% 17% 17% 14% 16% 16% 17% 14% 16% 11% 14% 11% 14% 12% 10% 14% 10% 10% 8% 8% 8% 6% 5% Japan 8% 7% 7% 6% 9% 6% 8% 7% 8% 6% 9% 6% 8% 8% 7% 9% 8% 8% 6% 8% 6% 7% 8% Mexico 21% 20% 20% 23% 21% 25% 22% 23% 25% 20% 25% 25% 33% 22% 25% 27% 29% 34% 33% 25% 28% 32% 30% Poland 42% 41% 47% 45% 46% 42% 33% 33% 29% 30% 28% 23% 29% 19% 23% 22% 20% 24% 28% 27% 30% 28% 27% Russia 24% 24% 28% 30% 30% 24% 37% 27% 28% 29% 27% 26% 25% 26% 26% 26% 29% 25% 26% 27% 23% 25% 30%Saudi Arabia - 73% 76% 80% 73% 80% 81% 78% 76% 81% 81% 80% 81% 85% 87% 89% 89% 87% 88% 89% 83% 89% 86%South Africa - 38% 44% 41% 34% 56% 45% 41% 46% 41% 51% 45% 45% 40% 41% 43% 42% 38% 39% 34% 39% 32% 32%South Korea 28% 29% 32% 31% 34% 34% 30% 35% 32% 37% 39% 34% 38% 22% 25% 29% 27% 27% 18% 21% 18% 26% 21% Spain 10% 5% 5% 6% 5% 10% 10% 9% 10% 7% 7% 4% 6% 6% 8% 6% 6% 7% 6% 3% 5% 3% 4% Sweden 58% 58% 56% 60% 63% 71% 73% 72% 77% 75% 75% 82% 80% 71% 78% 76% 76% 77% 70% 74% 69% 73% 74% Turkey 51% 35% 44% 40% 44% 37% 45% 39% 43% 41% 41% 46% 47% 43% 49% 50% 51% 57% 48% 61% 59% 54% 58%United States 20% 17% 25% 23% 18% 17% 15% 15% 18% 20% 19% 20% 20% 19% 17% 23% 19% 19% 14% 15% 14% 19% 21% A Global @dvisory – January 2012 – G@28 21 The Economic Pulse

Countries Ranked and Marked By Change In Assessment From Last Month (Left Column) Thinking about our economic situation, how would you describe the current economic situation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad? % Very Good / Somewhat Good Total (-1) 38% Russia (+5) 30% Turkey (+4) 58%United States (+2) 21% Australia (+1) 68% Canada (+1) 63% Sweden (+1) 74% Spain (+1) 4% Japan (+1) 8%South Africa (N/C) 32% India ( 1) (-1) 68% Italy (-1) 5% Hungary (-1) 2% Green marks countries experiencing improvement; Poland (-1) 27% Blue marks countries with no change from last month; France (-2) 5% Red marks countries experiencing a decline… Great Britain (-2) 8% Mexico (-2) 30% Brazil (-3) 56% Argentina (-3) 52% Germany (-3) 61% Saudi Arabia (-3) 86% Indonesia (-4) 46% Belgium (-5) 19% South K S th Korea ( 5) (-5) 21% China (-7) 55% A Global @dvisory – January 2012 – G@28 22 The Economic Pulse

Countries Ranked by Net Improvement, Decline or No Change Compared to Last Month: Thinking about our economic situation, how would you describe the current economic situation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad?-15% -10% -5% 0% 5% 10% 15% Russia (+5) 5% Turkey (+4) 4% United States (+2) 2% Australia (+1) 1% Canada (+1) 1% Sweden (+1) 1% Spain (+1) 1% Japan (+1) 1% South Africa (N/C) 0% -1% India (-1) -1% Italy (-1) -1% Hungary (-1) -1% Poland (-1) -2% France (-2) -2% Great Britain (-2) -2% Mexico (-2) -3% Brazil (-3) -3% Argentina (-3) -3% Germany (-3) -3% Saudi Arabia (-3) -4% Indonesia (-4) -5% Belgium (-5) -5% 5% South K S th Korea ( 5) (-5) -7% China (-7) A Global @dvisory – January 2012 – G@28 23 The Economic Pulse

Assessing the Current Economic Situation by All Regions: Current Tracked Status: ‘Very Good / Somewhat Good’ 80% 71% 70% 64% 59% 60% 61% 51% 52% 50% 46% 45% 40% 42% 30% 25% 20% 23% 10% 07 10 10 10 10 10 11 11 11 11 11 11 07 08 09 10 10 10 10 11 11 11 11 08 10 10 11 11 Oct/0 Mar/1 Jun/1 Aug/1 Oct/1 Dec/1 Feb/1 Mar/1 Jun/1 Aug/1 Oct/1 Dec/1 Apr/0 Apr/0 Apr/0 Nov/Jan/1 Apr/1 Jul/1 Sept/1 Jan/1 Apr/1 Jul/1 Sept/1 Nov/0 May/1 Nov/1 May/1 Nov/1 North America (Can/US) LATAM Europe APAC G8 BRIC Middle East/AfricaNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 24 The Economic Pulse

North American (Canada/US) Countries Assessing the Current Economic Situation 2 ‘Very Good / Somewhat Good’ 100% 90% 80% 80% 70% 63% 60% 47% 50% 40% 30% 21% 20% 10% 0% 10 10 11 11 11 11 11 11 11 11 07 07 08 08 09 10 10 10 10 10 10 10 10 10 11 11 11 11 Sept 201 Dec 201 Jan 201 Mar/1 Apr/1 Jun/1 Jul/1 Aug/1 Oct/1 Dec/1 Apr 200 Oct 200 Apr 200 Nov 200 Apr 200 Nov/Jan 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Feb 201 Sept/1 Nov/1 May/1 United States CanadaNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 25 The Economic Pulse

LATAM Countries Assessing the Current Economic Situation 3 ‘Very Good / Somewhat Good’ 80% 70% 60% 56% 50% 50% 52% 42% 40% 30% 30% 20% 10% 0% 07 07 08 09 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 08 10 11 10 11 Apr-0 Oct-0 Apr-0 Apr-0 Nov-09/Jan-1 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Sept-1 Oct-1 Dec-1 Jan-1 Feb-1 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Sept-1 Oct-1 Dec-1 Nov-0 Nov-1 Nov-1 May-1 May-1 Brazil Argentina MexicoNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 26 The Economic Pulse

European Countries Assessing the Current Economic Situation 1 ‘Very Good / Somewhat Good’ 90% 82% 80% 70% 64% 60% 50% 40% 34% 30% 20% 23% 15%11% 10% 11% 5% 4% 0% -11 -11 -11 -11 -11 -11 -11 -11 -11 -11 -11 -11 Jan- Feb- Mar- Apr- Jun- Jul- Aug- Sept- Oct- Dec- Nov- May- Germany France Spain Sweden Great Britain Belgium Italy Hungary PolandNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 27 The Economic Pulse

APAC Countries Assessing the Current Economic Situation 2 ‘Very Good / Somewhat Good’ 100% 90% 90% 88% 80% 78% 69% 70% 65% 60% 55% 49% 50% 46% 40% 30% 27% 30% 16% 21% 20% 8% 10% 0% 07 07 08 09 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 08 10 10 11 10 11 Apr-0 Oct-0 Apr-0 Apr-0 Nov-09/Jan-1 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Oct-1 Dec-1 Jan-1 Feb-1 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Sept-1 Oct-1 Dec-1 Nov-0 Sep-1 Nov-1 Nov-1 May-1 May-1 Australia China India Japan Russia South Korea IndonesiaNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 28 The Economic Pulse

G8 Countries Assessing the Economic Situation N/C ‘Very Good / Somewhat Good’ 100% 90% 80% 80% 70% 65% 63% 60% 59% 61% 50% 55% 47% 40% 28% 30% 30% 21% 20% 27% 10% 8% 5% 0% t-07 t-10 c-10 t-11 c-11 r-07 r-08 r-09 n-10 r-10 r-10 n-10 l-10 g-10 t-10 n-11 b-11 r-11 r-11 n-11 l-11 g-11 t-11 v-08 v-10 v-11 y-10 y-11 Nov May Nov Dec May Nov Dec Oct Oct Oct Jul Jul Apr Apr Apr Nov-09/Jan Mar Apr Jun Aug Jan Feb Mar Apr Jun Aug Sept Sept Great Britain G Canada C France Germany G Italy Japan Russia United S StatesNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 29 The Economic Pulse

BRIC Countries Assessing the Economic Situation 2 ‘Very Good / Somewhat Good’ 100% 90% 90% 88% 80% 70% 68% 65% 60% 50% 55% 40% 42% 30% 30% 20% 10% 0% 07 10 10 11 11 07 08 09 10 10 10 10 10 10 11 11 11 11 11 11 11 11 08 Nov 09/Jan 10 10 11 10 11 Oct-0 Oct-1 Dec-1 Oct-1 Dec-1 Apr-0 Apr-0 Apr-0 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Sept-1 Jan-1 Feb-1 Mar-1 Apr-1 Jun-1 Jul-1 Aug-1 Sept-1 Nov-0 1 Nov-1 Nov-1 May-1 May-1 Brazil Russia India ChinaNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 30 The Economic Pulse

Middle East/African Countries Assessing the Economic Situation 1 ‘Very Good / Somewhat Good’ 100% 90% 80% 86% 73% 70% 60% 58% 51% 50% 38% 40% 32% 30% 20% 10% 0% 10 10 10 10 10 10 11 11 11 11 11 11 11 10 10 10 10 11 11 11 11 10 11 Mar-1 Jun-1 Jul-1 Aug-1 Oct-1 Dec-1 Feb-1 Mar-1 Jun-1 Jul-1 Aug-1 Oct-1 Dec-1 N09/J1 Apr-1 Sep-1 Nov-1 Jan-1 Apr-1 Sept-1 Nov-1 May-1 May-1 Turkey Saudi Arabia South AfricaNow thinking about our economic situation, how would you describe the current economic situation in [insert country]?Is it very good, somewhat good, somewhat bad or very bad? A Global @dvisory – January 2012 – G@28 31 The Economic Pulse

 Assessing The Economy… g y …In Their Local AreaDetailed Tables B.6 A Global @dvisory – January 2012 – G@28 32 The Economic Pulse

Citizen Consumers Who Say The Economy In Their Local Area is Strong… % Strong (Top 3: 5-6-7) Total 29% Saudi Arabia 64% China 48% India 48% Sweden 48% Australia 47% Brazil 46% Canada 45% Turkey 45% Germany 41% Argentina 34% Indonesia 33% South Africa 23% United States 23% Mexico 22% Poland 21% % Russia 19% South Korea 17% Belgium 14% Great Britain 13% France 12% Italy 10% Hungary 7% Spain 6% Japan 5%Rate the current state of the economy in your local area using a scale from 1 to 7, where7 means a very strong economy today and 1 means a very weak economy A Global @dvisory – January 2012 – G@28 33 The Economic Pulse

Citizen Consumers Who Say The Economy In Their Local Area is Strong N/C Total - % Strong (Top 3: 5-6-7) 70% 60% 50% 40% 30% 29% 29% 29% 30% 30% 30% 31% 30% 30% 31% 29% 30% 30% 30% 31% 29% 30% 29% 29% 29% 28% 30% 20% 10% 0% Mar/10 0 Apr/10 0 Jun/10 0 Jul/10 0 Aug/10 0 Sept/10 0 Oct/10 0 Dec/10 0 Jan/11 1 Feb/11 1 Mra/11 1 Apr/11 1 Jun/11 1 Jul/11 1 Aug/11 1 Sept/11 1 Oct/11 1 Dec/11 1 Nov/10 0 Nov/11 1 May/10 0Rate the current state of the economy in your local area using a scale from 1 to 7, May/11 1where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 34 The Economic Pulse

Citizen Consumers Who Say The Economy In Their Local Area is Strong % Strong (Top 3 5-6-7) Mar April May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 Total 28% 30% 29% 29% 29% 30% 30% 30% 31% 30% 30% 31% 29% 30% 30% 30% 31% 29% 30% 29% 29% 29% Argentina 19% 19% 15% 23% 20% 25% 26% 21% 28% 28% 30% 28% 26% 30% 28% 31% 30% 29% 36% 35% 36% 34% Australia 56% 55% 55% 50% 52% 52% 53% 57% 53% 55% 60% 54% 53% 51% 50% 46% 46% 42% 43% 49% 46% 47% Belgium 15% 11% 11% 12% 14% 20% 19% 17% 21% 16% 20% 30% 23% 27% 26% 25% 24% 19% 21% 18% 16% 14% Brazil 38% 48% 48% 51% 41% 46% 45% 50% 47% 51% 42% 47% 41% 39% 42% 41% 43% 46% 39% 44% 49% 46% Canada 44% 47% 45% 46% 47% 46% 48% 43% 46% 42% 49% 49% 46% 49% 49% 51% 49% 51% 48% 48% 44% 45% China 61% 57% 58% 55% 58% 59% 59% 63% 59% 55% 56% 57% 56% 56% 51% 49% 47% 45% 53% 48% 48% 48% France 14% 14% 12% 11% 14% 15% 13% 14% 14% 12% 14% 15% 16% 14% 16% 16% 14% 18% 12% 15% 12% 12% Germany 27% 25% 26% 29% 30% 33% 35% 39% 43% 43% 40% 43% 38% 46% 46% 47% 47% 45% 43% 41% 43% 41% Great Britain 16% 19% 13% 12% 15% 15% 15% 13% 16% 15% 15% 14% 12% 14% 17% 17% 12% 12% 17% 13% 13% 13% Hungary 11% 13% 11% 13% 10% 14% 11% 15% 11% 9% 12% 10% 9% 12% 10% 12% 11% 9% 9% 8% 8% 7% India 61% 62% 61% 63% 53% 56% 61% 61% 67% 60% 51% 55% 52% 52% 47% 50% 42% 49% 47% 47% 48% 48% Indonesia 37% 30% 34% 26% 30% 26% 29% 33% 31% 32% 25% 23% 30% 27% 33% 27% 29% 24% 31% 26% 34% 33% Italy 18% 19% 17% 18% 18% 19% 18% 17% 15% 18% 14% 18% 16% 16% 18% 17% 16% 14% 13% 12% 10% 10% Japan 4% 5% 5% 5% 4% 5% 5% 5% 5% 6% 4% 5% 5% 5% 7% 6% 7% 5% 5% 7% 6% 5% Mexico 20% 22% 24% 24% 19% 18% 18% 18% 15% 17% 22% 21% 17% 18% 18% 19% 25% 24% 21% 21% 23% 22% Poland 29% 30% 30% 28% 30% 31% 29% 21% 25% 22% 19% 21% 19% 23% 17% 21% 21% 23% 24% 24% 19% 21% Russia 23% 22% 25% 23% 24% 30% 24% 26% 24% 19% 20% 16% 17% 21% 18% 18% 19% 17% 18% 23% 18% 19% Saudi Arabia 49% 53% 51% 48% 55% 58% 57% 47% 50% 58% 57% 55% 62% 63% 61% 63% 66% 69% 64% 58% 67% 64% South Africa 26% 35% 28% 27% 34% 28% 26% 27% 26% 30% 34% 29% 22% 23% 28% 34% 34% 27% 26% 26% 25% 23% South Korea 16% 20% 22% 21% 18% 22% 22% 23% 26% 28% 23% 25% 16% 19% 21% 18% 21% 16% 16% 16% 18% 17% Spain 13% 8% 8% 10% 13% 10% 10% 10% 11% 10% 9% 9% 9% 10% 9% 8% 11% 8% 6% 8% 8% 6% Sweden 44% 46% 47% 49% 46% 53% 54% 54% 58% 55% 53% 57% 51% 54% 47% 52% 59% 57% 52% 55% 43% 48% Turkey 29% 31% 26% 32% 30% 25% 29% 34% 27% 30% 32% 33% 33% 33% 35% 38% 46% 32% 45% 42% 44% 45%U it d States 20%United St t 21% 21% 21% 20% 17% 16% 19% 20% 20% 19% 24% 18% 18% 19% 18% 22% 17% 18% 16% 19% 23%Rate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 35 The Economic Pulse

Countries Ranked and Marked By Change In Assessment From Last Month (Left Column): Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy… Total (N/C) 29% Sweden (+5) 48%United States (+4) 23% Poland (+2) 21% Canada (+1) 45% Russia (+1) 19% Turkey (+1) 45% Australia (+1) 47% China (N/C) 48% France (N/C) 12%Great Britain (N/C) 13% India (N/C) 48% Italy (N/C) 10% South Korea (-1) 17% Green marks countries experiencing improvement; Hungary (-1) 7% Blue marks countries with no change from last month; Japan (-1) 5% Red marks countries experiencing a decline decline… Indonesia (-1) 33% Mexico (-1) 22% Argentina (-2) 34% Belgium (-2) B l i ( 2) 14% South Africa (-2) 23% Spain (-2) 6% Germany (-2) 41% Brazil (-3) 46% Saudi Arabia (-3) 64% A Global @dvisory – January 2012 – G@28 36 The Economic Pulse

Countries Ranked by Net Improvement, Decline or No Change Compared to Last Month: Rate th R t the current state of the economy in your local area using a scale f t t t f th i l l i l from 1 t 7, where 7 means a very strong to 7 h t economy today and 1 means a very weak economy…-15% -10% -5% 0% 5% 10% 15% Sweden (+5) 5% United States (+4) 4% Poland (+2) 2% Canada (+1) 1% Russia (+1) 1% Turkey (+1) 1% Australia (+1) 1% China (N/C) 0% France (N/C) 0% Great Britain (N/C) 0% India (N/C) 0% Italy (N/C) 0% -1% South Korea (-1) -1% Hungary (-1) -1% Japan (-1) -1% Indonesia (-1) -1% Mexico (-1) -2% Argentina (-2) -2% Belgium (-2) -2% South Africa (-2) -2% Spain (-2) -2% Germany (-2) -3% Brazil (-3) -3% Saudi Arabia (-3) A Global @dvisory – January 2012 – G@28 37 The Economic Pulse

All Regions Assess the Strength of Their Local Economy % Strong (Top 3 5-6-7) 55% 50% % 46% 44% 45% 40% 40% 37% 35% 34% 35% 30% 32% 31% 25% 25% 21% 20% 21% 19% 15% 10% 10 10 11 11 11 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 Sept 201 Dec 201 Jan 201 Sept 201 Dec 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Feb 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 North America LATAM Europe APAC G-8 Countries BRIC Middle East/AfricaRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 38 The Economic Pulse

North American Countries Assess the Strength of Their Local Economy 2 % Strong (Top 3 5-6-7) 55% 50% 44% 45% 45% 40% 35% 30% 25% 23% 20% 20% 15% 10% 10 11 11 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 Sept 201 Jan 201 Sept 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 Feb 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 United States CanadaRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 39 The Economic Pulse

LATAM Countries Assess the Strength of Their Local Economy 2 % Strong (Top 3 5-6-7) 55% 50% 45% 46% 40% 38% 35% 34% 30% 25% 22% 20% 20% 19% 15% 10% 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 10 10 10 11 11 11 Mar 201 May 201 Jun 201 Aug 201 Sept 201 Oct 201 Dec 201 Jan 201 Feb 201 Mar 201 May 201 Jun 201 Aug 201 Sept 201 Oct 201 Dec 201 Apr 201 Jul 201 Nov 201 Apr 201 Jul 201 Nov 201 Brazil B il Argentina A ti Mexico M iRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 40 The Economic Pulse

European Countries Assess the Strength of Their Local Economy N/C % Strong (Top 3 5-6-7) 70% 60% 50% 48% 44% 40% 41% 29% 30% 27% 21% 20% 18% 16% 14% 15% 13% 10% 14% 12% 10% 7% 6% 0% 10 10 10 11 11 11 10 10 10 10 10 11 11 11 11 11 11 11 10 10 11 11 Aug-1 Oct-1 Dec-1 Aug-1 Oct-1 Dec-1 Mar-1 Apr-1 Jun-1 Jul-1 Sept-1 Jan-1 Feb-1 Mar-1 Apr-1 Jun-1 Jul-1 Sept-1 May-1 Nov-1 May-1 Nov-1 Germany France Spain Sweden Great Britain Belgium Italy Hungary PolandRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 41 The Economic Pulse

APAC Countries Assess the Strength of Their Local Economy N/C % Strong (Top 3 5-6-7) 80% 70% % 61% 60% 56% 50% 48% 47% 37% 45% 40% 29% 33% 30% 23% 19% 20% 16% 17% 10% 4% 5% 0% Sept 2010 Jan 2011 Sept 2011 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Oct 2010 Nov 2010 Dec 2010 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Oct 2011 Nov 2011 Dec 2011 Australia A t li China Chi India I di Japan J Russia R i South K S th Korea Turkey T k Indonesia I d iRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 42 The Economic Pulse

G8 Countries Assess the Strength of Their Local Economy N/C % Strong (Top 3 5-6-7) 60% 50% 44% 45% 40% 41% 30% 27% 23% 23% 20%20% 19% 18% 16% 13% 12% 10% 10% 4% 5% 0% 010 010 011 011 011 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 Sept 20 Dec 20 Jan 20 Sept 20 Dec 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Great Britain Canada France Germany y Italy y Japan p Russia United StatesRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 43 The Economic Pulse

BRIC Countries Assess the Strength of Their Local Economy 1 % Strong (Top 3 5-6-7) 80% 70% 61% 60% 50% 48% 46% 40% 38% 30% 20% 19% 23% 10% 0% 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 10 11 Mar 201 May 201 Jun 201 Jul 201 Aug 201 Sept 201 Oct 201 Nov 201 Dec 201 Jan 201 Feb 201 Mar 201 May 201 Jun 201 Jul 201 Aug 201 Sept 201 Oct 201 Nov 201 Dec 201 Apr 201 Apr 201 Brazil Russia India ChinaRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 44 The Economic Pulse

Middle East/ African Countries Assess the Strength of Their Local Economy 2 % Strong (Top 3 5-6-7) 80% 70% 64% 60% 49% 50% 45% 40% 29% 30% 26% 23% 20% 10% 0% 010 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 011 011 010 011 Mar 20 May 20 Jun 20 Julo 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 20 Feb 20 Mar 20 May 20 Jun 20 Jul 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Apr 20 Turkey y Saudi Arabia Apr 20 South AfricaRate the current state of the economy in your local area using a scale from 1 to 7,where 7 means a very strong economy today and 1 means a very weak economy. A Global @dvisory – January 2012 – G@28 45 The Economic Pulse

 Assessing the Strength of The Local Economy……Six Months From Now SixDetailed Tables B.7 A Global @dvisory – January 2012 – G@28 46 The Economic Pulse

Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months… % Much Stronger / Somewhat Stronger Total 24% Brazil 71% Saudi Arabia 60% India 50% Argentina 45% Mexico 39% Indonesia 37% Turkey 35% China 32% United States 23% Spain 21% Canada 19% Australia 16% Poland 16% South Africa 16% Russia 15% % Germany 13% Italy 12% South Korea 12% Sweden 12% Great Britain 7% Japan 7% Belgium 5% Hungary 3% France 2%Looking ahead 6 months from now, do you expect the economy in your local area to be muchstronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 47 The Economic Pulse

Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months N/C Global Total % Much Stronger / Somewhat Stronger 70% 60% 50% 40% 31% 30% 30% 29% 28% 28% 28% 29% 30% 27% 27% 28% 26% 27% 27% 26% 25% 24% 24% 24% 24% 24% 20% 10% 0% 010 011 011 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 011 Sept 20 Jan 20 Sept 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Dec 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Dec 20Looking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 48 The Economic Pulse

Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months… % Much Stronger/Somewhat Stronger Mar April May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2010 2010 2010 2010 2010 2010 2010 2010 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011Total 31% 31% 30% 30% 29% 28% 28% 28% 29% 27% 27% 28% 26% 27% 27% 26% 25% 24% 24% 24% 24% 24%Argentina 32% 36% 35% 45% 36% 45% 42% 39% 44% 43% 42% 44% 44% 42% 45% 47% 47% 52% 52% 50% 47% 45%Australia 36% 34% 30% 25% 29% 26% 27% 29% 27% 24% 23% 24% 22% 23% 20% 19% 19% 16% 16% 16% 18% 16%Belgium 18% 14% 10% 14% 14% 17% 15% 13% 12% 12% 13% 13% 14% 15% 11% 14% 10% 6% 8% 8% 4% 5%Brazil 79% 71% 72% 72% 69% 68% 75% 78% 76% 78% 73% 73% 67% 72% 71% 64% 71% 71% 65% 74% 72% 71%Canada 38% 35% 29% 30% 32% 25% 27% 26% 27% 27% 31% 29% 28% 28% 26% 25% 24% 18% 15% 19% 19% 19%China 57% 49% 51% 49% 50% 50% 50% 50% 48% 44% 49% 49% 40% 42% 44% 39% 36% 35% 44% 39% 42% 32%France 5% 7% 3% 4% 5% 5% 5% 3% 4% 4% 5% 4% 4% 4% 4% 5% 3% 4% 2% 2% 2% 2%Germany 23% 25% 22% 21% 26% 29% 26% 31% 35% 27% 30% 28% 26% 24% 26% 22% 22% 18% 16% 12% 15% 13%Great Britain 18% 21% 22% 16% 16% 15% 13% 12% 13% 12% 13% 11% 8% 10% 12% 14% 9% 9% 10% 8% 9% 7%Hungary 22% 24% 23% 23% 15% 18% 18% 23% 13% 10% 12% 15% 10% 11% 7% 8% 10% 8% 6% 5% 6% 3%India 66% 66% 64% 67% 59% 58% 64% 65% 65% 61% 55% 61% 55% 55% 50% 52% 43% 52% 54% 56% 50% 50%Indonesia 31% 33% 36% 36% 38% 35% 35% 35% 34% 30% 26% 26% 29% 28% 32% 29% 29% 28% 29% 28% 32% 37%Italy 20% 21% 17% 19% 17% 18% 16% 17% 16% 15% 18% 16% 17% 15% 15% 15% 13% 14% 10% 11% 21% 12%Japan p 11% 12% 12% 13% 9% 8% 6% 6% 8% 8% 8% 9% 8% 9% 10% 9% 10% 7% 7% 10% 6% 7%Mexico 34% 37% 44% 36% 33% 32% 35% 38% 30% 36% 33% 37% 43% 38% 41% 37% 39% 36% 34% 36% 39% 39%Poland 23% 23% 20% 23% 22% 24% 19% 19% 19% 21% 12% 19% 14% 17% 13% 15% 16% 18% 19% 15% 13% 16%Russia 17% 19% 17% 18% 23% 18% 21% 13% 24% 16% 16% 18% 18% 18% 16% 16% 13% 16% 15% 20% 17% 15%Saudi Arabia 44% 49% 50% 41% 46% 53% 46% 48% 45% 47% 45% 52% 56% 60% 59% 60% 62% 64% 57% 53% 54% 60%South Africa 38% 35% 34% 33% 36% 24% 25% 21% 27% 27% 28% 22% 16% 16% 21% 23% 17% 10% 15% 16% 20% 16%South Korea 21% 23% 24% 21% 21% 20% 22% 20% 22% 25% 22% 25% 19% 14% 17% 12% 15% 13% 15% 14% 14% 12%Spain 28% 27% 26% 21% 25% 24% 22% 20% 21% 20% 20% 21% 21% 23% 22% 20% 18% 18% 15% 23% 17% 21%Sweden 19% 20% 15% 21% 20% 17% 19% 21% 19% 20% 16% 21% 17% 18% 17% 16% 15% 14% 14% 11% 16% 12%Turkey 32% 35% 30% 30% 32% 33% 29% 28% 27% 23% 30% 32% 28% 32% 34% 36% 38% 25% 40% 35% 28% 35%United States 31% 36% 32% 27% 23% 22% 22% 24% 29% 25% 27% 27% 21% 24% 25% 22% 22% 17% 17% 16% 20% 23%Looking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 49 The Economic Pulse

Countries Ranked and Marked By Change In Assessment From Last Month(Left Column):Looking h d iL ki ahead six months f th from now, d you expect th economy i your l do t the in local area t b much stronger, somewhat l to be h t h t stronger, about the same, somewhat weaker, or much weaker than it is now? Total (N/C) 24% Turkey (+7) ( 7) 35% Saudi Arabia (+6) 60% Indonesia (+5) 37% Spain (+4) 21% Poland (+3) 16%United States (+3) 23% Japan (+1) 7% Belgium (+1) 5% Canada (N/C) 19% France (N/C) F 2% India (N/C) 50% Mexico (N/C) 39% Brazil (-1) 71% Argentina ( 2) (-2) 45% Australia (-2) 16% Germany (-2) 13% Green marks countries experiencing improvement; Great Britain (-2) 7% Blue marks countries with no change from last month; Russia (-2) 15% Red marks countries experiencing a decline… South Korea (-2) 12% Hungary (-3) 3% South Africa (-4) 16% Sweden (-4) 12% Italy ( 9) (-9) 12% China (-10) 32% A Global @dvisory – January 2012 – G@28 50 The Economic Pulse

Countries Ranked by Net Improvement, Decline or No Change Compared to Last Month: Looking h d i L ki ahead six months f th from now, d you expect th economy i your l do t the in local area t b much stronger, somewhat l to be h t h t stronger, about the same, somewhat weaker, or much weaker than it is now?-20% -15% -10% -5% 0% 5% 10% 15% 20% Turkey (+7) 7% Saudi Arabia (+6) ( ) 6% Indonesia (+5) 5% Spain (+4) 4% Poland (+3) 3% United States (+3) 3% Japan (+1) 1% Belgium (+1) 1% Canada (N/C) 0% France (N/C) 0% India (N/C) 0% Mexico (N/C) 0% -1% Brazil (-1) -2% Argentina (-2) -2% Australia (-2) -2% Germany (-2) -2% Great Britain (-2) -2% Russia (-2) -2% South Korea (-2) -3% Hungary (-3) -4% South Africa (-4) -4% Sweden (-4) -9% Italy (-9) -10% China (-10) A Global @dvisory – January 2012 – G@28 51 The Economic Pulse

All Regions - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months % Much Stronger/Somewhat Stronger 60% 55% 51% 48% 50% 42% 38% 40% 37% 34% 30% 24% 20% 20% 21% 19% 12% 10% 10% 0% 10 11 11 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 Sept 201 Jan 201 Sept 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 Feb 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 North America LATAM Europe APAC G-8 Countries BRIC Middle East/AfricaLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 52 The Economic Pulse

North American Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2 % Much Stronger/Somewhat Stronger 50% 45% 40% 38% 35% 30% 31% 25% 23% 20% 19% 15% 10% Sept 2010 0 Jan 2011 1 Mar 2010 0 Apr 2010 0 May 2010 0 Jun 2010 0 Jul 2010 0 Aug 2010 0 Oct 2010 0 Nov 2010 0 Dec 2010 0 Feb 2011 1 Mar 2011 1 Apr 2011 1 May 2011 1 Jun 2011 1 Jul 2011 1 Aug 2011 1 Sept 2011 1 Oct 2011 1 Nov 2011 1 Dec 2011 1 United States CanadaLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 53 The Economic Pulse

LATAM Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2 % Much Stronger/Somewhat Stronger 90% 79% 80% 71% 70% 60% 50% 45% 40% 3 % 34% 39% 30% 32% 20% 10% 0% 10 11 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 Sept 201 Jan 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 Feb 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Sept 201 Oct 201 Nov 201 Dec 201 Brazil Argentina MexicoLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 54 The Economic Pulse

European Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 1 % Much Stronger/Somewhat Stronger 40% 35% 30% 28% 25% 23% 22% 21% 20% 20% 19% 18% 16% 15% 13% 12% 10% 5% 7% 5% 5% 3% 2% 0% 010 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 011 011 010 011 Mar 20 May 20 Jun 20 Jul 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 20 Feb 20 Mar 20 May 20 Jun 20 Jul 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Apr 20 Apr 20 Germany France Spain Sweden Great Britain Belgium Italy Hungary PolandLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 55 The Economic Pulse

APAC Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2 % Much Stronger/Somewhat Stronger 80% 70% 66% 60% 57% 50% 50% 40% 36% 37% 32% 35% 30% 32% 31% 21% 20% 16% 17% 15% 10% 12% 11% 7% 0% 10 11 11 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 Sept 201 Jan 201 Sept 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 Feb 201 Mar 201 Apr 201 May 201 Jun 201 Jul 201 Aug 201 Oct 201 Nov 201 Dec 201 Australia China India Japan Russia South Korea Turkey IndonesiaLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 56 The Economic Pulse

G8 Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2 % Much Stronger/Somewhat Stronger 50% 45% 38% 40% 35% 30% 31% 25% 23% 23% 20% 20% 18% 19% 15% 15% 17% 13% 10% 12% 11% 7% 5% 2% 5% 0% 010 011 011 010 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 011 Sept 20 Jan 20 Sept 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Dec 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Oct 20 Nov 20 Dec 20 Great Britain Canada France Germany y Italy y Japan p Russia United StatesLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 57 The Economic Pulse

BRIC Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 3 % Much Stronger/Somewhat Stronger 90% 79% 80% 71% 70% 66% 60% 50% 57% 50% 40% 30% 32% 17% 20% 10% 15% 0% 010 010 010 010 010 010 010 010 010 011 011 011 011 011 011 011 011 011 011 011 010 011 Mar 20 May 20 Jun 20 Jul 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Jan 20 Feb 20 Mar 20 May 20 Jun 20 Jul 20 Aug 20 Sept 20 Oct 20 Nov 20 Dec 20 Apr 20 Brazil B il Russia R i India I di Apr 20 China ChiLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 58 The Economic Pulse

3 Middle East/African Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months % Much Stronger/Somewhat Stronger 70% 60% 60% 50% 44% 40% 35% 38% 30% 32% 20% 16% 10% 0% Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Sept 2010 Nov 2010 Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Sept 2011 Nov 2011 Aug 2010 Oct 2010 Dec 2010 Aug 2011 Oct 2011 Dec 2011 Turkey Saudi Arabia South AfricaLooking ahead six months from now, do you expect the economy in your local area to bemuch stronger, somewhat stronger, about the same, somewhat weaker, or much weaker than it is now? A Global @dvisory – January 2012 – G@28 59 The Economic Pulse

About Ipsos… We are an independent company among the large global research companies, and are owned and managed by research professionals. Our ambition: to make survey-based research one of the primary means to understand contemporary society and economy. And to make Ipsos a strategic partner for those who wish to better understand the world and play an active part in it, with lasting success. Our experts are specialised in five areas of activity: we assess market potential and interpret market trends, develop and test emergent or existing products or services and build brands, test advertising, advertising study audience responses to various media and measure public opinion on issues and media, reputation. We have 10,000 employees working in wholly owned operations in 66 countries, and regularly conduct research i over 100 countries. d t h in ti Founded in 1975 by Jean-Marc Lech and Didier Truchot, Ipsos has been publicly traded since 1999. In 2010, Ipsos revenues exceeded 1B Euros. pVisit www.ipsos.com to learn more about Ipsos offerings and capabilities. A Global @dvisory – January 2012 – G@28 60 The Economic Pulse

For information about this and other Global @dvisory products contact: John Wright Senior Vice President and Managing Director, Public Opinion Polling Ipsos Public Affairs +1 (416) 324 2002 324-2002 john.wright@ipsos.com Keren Gottfried Research M R h Manager, P bli O i i P lli Public Opinion Polling Ipsos Public Affairs +1 (416) 572-4481 keren.gottfried@ipsos.com The Ipsos Global @dvisor Omnibus is a monthly, online survey of consumer citizens in 24 countries and produces syndicated reports and studies specifically tailored to the needs of corporations, advertising and PR agencies, and governments. For information contact: Chris Deeney Senior Vice President and Managing Director, Omnibus Division Ipsos Public Affairs +1 (312) 665-0551 chris.deeny@ipsos.com Visit www.ipsos.com for information about all of our products and services. Copyright Ipsos 2010. All rights reserved. The contents of this publication constitute the sole and exclusive property of Ipsos. A Global @dvisory – January 2012 – G@28 61 The Economic Pulse

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Ipsos Global @dvisor 28: The economic pulse of the world: January 2012

by Ipsos MORI on Jan 26, 2012

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Ipsos Global @dvisor 28: The economic pulse of the world: January 2012 — Presentation Transcript