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Views of the Economy Among the Public and OECD Thought Leaders
1. Views of the Economy Among the
Public and OECD Thought Leaders
Bruce Stokes
OECD Forum
Director, Global Economic Attitudes June 6, 2017
2. June 6, 2017 2
Pew Research Center
• Established 1996
• Funded by the Pew Charitable Trusts, Foundations
• Non-profit, non-partisan fact tank in Washington
• Research topics:
U.S. politics
Media and the news
Social trends
Internet and technology
Religion
Science
Hispanics
Global public opinion and migration
• www.pewresearch.org
3. June 6, 2017 3
Methodology
• Results of online survey of 411 registered OECD Forum attendees conducted
from May 16 to June 1, 2017
• Results of public survey of 34,788 respondents conducted February 16 to
April 28, 2017 in 32 countries
• Pew Research Center will release a report later this year comparing views of
thought leaders with those of the general public on a broad range of issues
4. June 6, 2017 4
Views of National Economies Vary Widely
The current economic situation in our country is good
Source: Spring 2017 Global Attitudes Survey. Q5.
5. June 6, 2017 5
In EU, Japan, U.S., Views of Economy Have Recovered to
Pre-Financial Crisis Levels
The current economic situation in our country is good
Note: EU median of France, Germany, Italy, Poland and the UK.
Source: Spring 2017 Global Attitudes survey. Q5.
6
28
36
36
46
50
0
80
2002 2004 2006 2008 2010 2012 2014 2016
51 EU
58 U.S.
41 Japan
%
2017
6. June 6, 2017 6
In Europe, Views of Current Economy Diverge Broadly
The current economic situation in our country is …
Source: Spring 2017 Global Attitudes Survey. Q5.
38%
40
12
13
15
31
45
56
71
78
84
98
51
49
58%
58
87
86
84
64
51
42
28
21
15
2
47
46
Canada
U.S.
Netherlands
Germany
Sweden
Poland
UK
Hungary
Spain
France
Italy
Greece
MEDIAN
Russia
GoodBadNorth America
Europe
7. June 6, 2017 7
In Asia, Indians Upbeat About Their Economy,
South Koreans Not Very Happy
The current economic situation in our country is …
Source: Spring 2017 Global Attitudes Survey. Q5.
12%
21
37
40
56
84
39
83%
78
63
60
41
15
62
India
Philippines
Indonesia
Australia
Japan
South Korea
MEDIAN
GoodBad
8. June 6, 2017 8
OECD Forum Attendees More Optimistic About Current
Economic Conditions Than the Public
The current economic situation in our country is good
Source: 2017 Pew Research Center survey of OECD Forum attendees, and Spring 2017 Global Attitudes Survey. Q5.
62%
51
45
OECD Forum
attendees
Median of 19 OECD
publics
Median of 13 non-
OECD publics
9. June 6, 2017 9
Majority of OECD Forum Attendees Expect Economic
Conditions to Improve
Over the next 12 months, do you expect the economic situation in your country to improve, remain
the same, or worsen?
Source: 2017 Pew Research Center survey of OECD Forum attendees.
59%
24
16
Improve Remain the same Worsen
10. June 6, 2017 10
In Europe and North America, Many Doubt Next Generation
Will Be Better Off
When children today in our country grow up, they will be __ financially than their parents
Source: Spring 2017 Global Attitudes Survey. Q8.
58%
69
39
46
46
52
54
69
68
65
73
71
60
24
37%
24
48
44
41
36
35
24
24
23
21
9
30
52
U.S.
Canada
Poland
Sweden
Hungary
Germany
Netherlands
Spain
UK
Italy
Greece
France
MEDIAN
Russia
Better offWorse off
Europe
North America
11. June 6, 2017 11
In OECD Publics, Generational Divide Over Children’s Prospects
When children today in our country grow up they will be better off financially than their parents
Note: Only statistically significant differences shown.
Source: Spring 2017 Global Attitudes survey. Q8.
18-29
%
30-49
%
50+
%
Youngest-
oldest gap
Sweden 63 43 37 +26
Germany 53 29 34 +19
UK 39 21 21 +18
Chile 77 73 61 +16
Italy 33 25 19 +14
U.S. 45 37 32 +13
Greece 29 23 16 +13
Netherlands 43 35 31 +12
Canada 32 23 20 +12
Mexico 33 30 22 +11
Spain 29 27 18 +11
France 15 12 5 +10
South Korea 29 28 41 -12
12. June 6, 2017 12
Non-OECD Countries More Upbeat About Children’s
Financial Futures Than OECD Publics
When children today in our country grow up, they will be better off financially than their parents
54%
35 34
Median of 13 non-
OECD publics
OECD Forum
attendees
Median of 19 OECD
publics
Source: 2017 Pew Research Center survey of OECD Forum attendees. Spring 2017 Global Attitudes Survey. Q8.
13. June 6, 2017 13
OECD Forum Attendees More Concerned About Global
Economy Than OECD Publics
Do you think the condition of the global economy is a major threat, a minor threat or not a threat to
your country?
Source: 2017 Pew Research Center survey of OECD Forum attendees. Spring 2017 Global Attitudes Survey.
55%
53
42
35%
25
39
10%
14
11
OECD Forum
attendees
Median of 13 non-
OECD publics
Median of 19 OECD
publics
Major threat Minor threat Not a threat
14. June 6, 2017 14
OECD Forum Attendees and OECD Publics Greatly Differ on
How Trade Impacts Prices, Jobs and Wages
Trade with other countries leads to __ in our country
Source: 2017 Pew Research Center survey of OECD Forum attendees. Spring 2014 Global Attitudes Survey.
63%
62
47
28%
44
28
A decrease in
the price of
products sold
Job creation
An increase in
workers' wages
OECD Forum Median of 14 OECD publics
15. June 6, 2017 15
All Pew Research Center reports and data are
available online at www.pewresearch.org
Bruce Stokes
Director, Global Economic Attitudes
bstokes@pewresearch.org
@bruceestokes