Bad economic situation

The sharpest uptick in negative assessments has come in Canada, where second-quarter losses in gross domestic product were estimated at 12%. The share of Canadians who say the country’s current economic situation is bad has roughly doubled, from 27% in 2019 to 61% this year. Negative assessments have also grown by 30 percentage points in the UK, U.S., and Australia. In addition to the broadly negative assessments of current economic conditions, few in the countries surveyed are hopeful things will get better in the next year. A median of 35% think the economic situation in their country will improve in the next 12 months, while nearly half (46%) expect conditions to worsen and 19% think nothing will change.