Global @d isorGlobal@dvisor
The Economic Pulse of the WorldCitizens in 24 Countries Assess the Current State of their Country’s Economy for a Total Global Perspective
A Global@dvisory – February 2012 – G@29The Economic Pulse
These are the findings of the Global@dvisor Wave 29 (G@29),an Ipsos survey conducted between January 3rd and January 16th, 2012.
SURVEY METHOD COUNTRIES SAMPLE WEIGHTING
• The survey instrument is conducted monthly in 24 countries around the world via the Ipsos Online Panel system.
• This month fielding also took
• The countries reporting herein are Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain Hong Kong
• For the results of the survey presented herein, an international sample of 18,768 adults age 18-64 in the US and Canada and age 16-64 in all
• Weighting was then employed to balance demographics and ensure that the sample's composition reflects that of the adult population according to• This month fielding also took
place in Hong Kong.Great Britain, Hong Kong, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the United States of America
Canada, and age 16 64 in all other countries, were interviewed. Approximately 1000+ individuals participated on a country by country basis via the Ipsos Online Panel with the exception of Argentina
adult population according to the most recent country Census data, and to provide results intended to approximate the sample universe. A survey with an unweighted probability sampleUnited States of America. the exception of Argentina,
Belgium, Hong Kong, Indonesia, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Sweden and Turkey, where each have a sample approximately 500+
unweighted probability sample of this size and a 100% response rate would have an estimated margin of error of +/-3.1 percentage points for a sample of 1,000 and an estimated margin of error of +/a sample approximately 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
ll d All l dpolled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
2A Global@dvisory – February 2012 – G@29
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:
Th tl i d i t t f
• Thinking about our economic situation, how would you describe the current
The currently perceived macroeconomic state of the respondent’s country:
economic situation in [insert country]? Is it very good, somewhat good, somewhat bad or very bad?
• Rate the current state of the economy in your local area using a scale from 1 to 7, here 7 means a er strong econom toda and 1 means a er eak econom
The currently perceived state of the local economy:
where 7 means a very strong economy today and 1 means a very weak 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?
3A Global@dvisory – February 2012 – G@29
The Economic Pulse
much weaker than it is now?
SUMMARYSUMMARY
4A Global@dvisory – February 2012 – G@29
The Economic Pulse
Summary… A break in the clouds: national economic assessments are up on the global
aggregate level and in every region. Whilethe one-point shift represents a continuation of the up one point, down one point pattern for the global aggregate, this i th fi t ti i A il 2010 th t ll hi i his the first time since April 2010 that all geographic regions show an improvement.
The Middle East and Africa is the geographic region with the highest aggregate assessment (+2 to 61%), followed by Latin America (+1 to 47%), North America (+1 to 43%), Asia Pacific (+1 to 43%) and Europe (+2 to 25%).
Europe which consistently weighs down the global average has not seen such an– Europe, which consistently weighs down the global average, has not seen such an improvement in its assessment since February 2011. In fact, all European countries except Sweden (-2 to 72%) show an improvement this wave.
– Germany rose nine points to 70% this sounding, recovering its place in the top tier of the global rankings. It has been rising steadily since June 2010.
5A Global@dvisory – February 2012 – G@29
The Economic Pulse
Summary… A break in the clouds: national economic assessments are up on the global
aggregate level and in every region. Whilethe one-point shift represents a continuation of the up one point, down one point pattern for the global aggregate, this i th fi t ti i A il 2010 th t ll hi i his the first time since April 2010 that all geographic regions show an improvement.
The Middle East and Africa is the geographic region with the highest aggregate assessment (+2 to 61%), followed by Latin America (+1 to 47%), North America (+1 to 43%), Asia Pacific (+1 to 43%) and Europe (+2 to 25%).
Europe which consistently weighs down the global average has not seen such an– Europe, which consistently weighs down the global average, has not seen such an improvement in its assessment since February 2011. In fact, all European countries except Sweden (-2 to 72%) show an improvement this wave.
– Germany rose nine points to 70% this sounding, recovering its place in the top tier of the global rankings. It has been rising steadily since June 2010.
– Argentina is the only other country to show such stable upward movements in its assessment; it moved up three points to 55% this wave and has been improving steadily since March 2010.
The upbeat mood is present both in current national assessments and in assessments of the future of local economies. The proportion of those expecting their local economies to be ‘stronger’ (+1 to 25%) in the next six months has risen one
6A Global@dvisory – February 2012 – G@29
The Economic Pulse
g ( %)point and all regions have improved or remained the same on this measure.
Hong Kong
Polling this wave includes results from Hong Kong*. It ranks middle of the pack on national (50%) and local (33%) assessments but near the bottom on future assessments of local economic conditions (14%) and ranks considerably lower than Mainland China on all three measures:
Hong Kong vs. China
64%50%
NATIONAL: China
Hong Kong
52%LOCAL: China
33%Hong Kong
39%14%
FUTURE OUTLOOK: China
Hong Kong
7A Global@dvisory – February 2012 – G@29
The Economic Pulse
*The results from Hong Kong are not included in aggregate reporting in order to provide accurate month-to-month tracking. Hong Kong is not regularly tracked.
A Look at Latin America
Latin America includes some of the world’s strongest emerging markets: Argentina, Brazil and Mexico.
Argentina (+3 to 55%) demonstrates steady, positive improvement since July 2010, when it sat at 34%. g ( ) y p p yFor Brazil (+6 to 62%), 2010 was tumultuous but it has been on an upward curve since June 2011 (51%). Argentina and Brazil trumps the global aggregate assessment of national economies each month consistently since January 2011. Mexico has been considerably more volatile, with periods of drops and jumps. This wave, Mexico is the country with the greatest decline (-6 points to 24%) among p j p y g ( p ) gall those surveyed.
60% 62%60%
70%
55%
38% 39%40%
50%
60%
25%
20%24%
10%
20%
30%
0%
Apr
-10
May
-10
Jun-
10
Jul-1
0
Aug
-10
Sept
-10
Oct
-10
Nov
-10
Dec
-10
Jan-
11
Feb-
11
Mar
-11
Apr
-11
May
-11
Jun-
11
Jul-1
1
Aug
-11
Sept
-11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
8A Global@dvisory – February 2012 – G@29
The Economic Pulse
S S
Brazil Argentina Mexico GLOBAL AGGREGATE
THE WORLD at a GLANCE
THETHE WORLDWORLD at aat a GLANCE
9A Global@dvisory – February 2012 – G@29
The Economic Pulse
Global Average of National Economic Assessment (39%) up one point
The average global economic assessment of national economies has been fluctuating up one point, down one point, steadily like a pendulum for the past six months – this sounding it is up one point (39%).
Saudi Arabia again shows the strongest proportions of people rating their current national economic situation as ‘good’ (86%) a figure that is unchanged this monthnational economic situation as good (86%), a figure that is unchanged this month. They are followed by: Sweden (-2 points to 72%), Australia (+2 to 70%), Germany (+9 to 70%), Canada (+2 to 65%) and India (-3 to 65%).
On the other end, only 2% (no change since last wave) of those in Hungary rate their national economies as ‘good’, followed by Spain (NC at 4%), Italy (NC at 5%), France (+1 to 6%), Japan (NC at 8%) and Great Britain (+5 to 13%).
Countries with the greatest improvements: South Africa (+10 to 42%), China (+9 to 64%), Germany (+9 to 70%) and Brazil (+6 to 62%).
C i i h h d li M i ( 6 24%) S h K ( 4 1 %) Countries with the greatest declines: Mexico (-6 to 24%), South Korea (-4 to 17%), India (-3 to 65%) and Turkey (-3 to 55%).
10A Global@dvisory – February 2012 – G@29
The Economic Pulse
Global Average of Local Economic Assessment (29%)Unchanged
The global average of local economic assessment among the 24 countries remains unchanged for four months with three in ten (29%) global citizens who agree the state of the current economy in their local area is “good”.
The poll finds assessments of local economies to be strongest in Saudi Arabia (+5 points to 69%) a country that exceeds the second-place rival by 17 points Thatpoints to 69%), a country that exceeds the second place rival by 17 points. That country is China (+4 to 52%), followed next by Brazil (+4 to 50%), Sweden (+1 to 49%), Australia (NC at 47%) and India (-1 to 47%).
Spain (NC at 6%), Japan (+2 to 7%), Hungary (+1 to 8%), Italy (NC at 10%), France (NC at 12%) and South Korea (-5 to 12%) sit at the bottom of the global ranking.
Countries with the greatest improvements: Saudi Arabia (+5 to 69%) China (+4 toCountries with the greatest improvements: Saudi Arabia (+5 to 69%), China (+4 to 52%), Germany (+4 to 45%) and Brazil (+4 to 50%).
Countries with the greatest declines: Turkey (-10 to 35%), South Korea (-5 to 12%) d I d i ( 2 31%)and Indonesia (-2 to 31%).
11A Global@dvisory – February 2012 – G@29
The Economic Pulse
Global Average of Future Outlook for Local Economy Up One Point: 25%
Citizens are asked to provide their assessments on the extent to which they think their local economy will be “stronger”, “weaker” or “about the same” six months from now. Currently, a global average of one quarter (25%) believe their local economy will be stronger, a one-point improvement after five months of stagnation.
Brazil holds on to its number one spot on this measurement (+3 points to 74%)Brazil holds on to its number one spot on this measurement (+3 points to 74%), followed by Saudi Arabia (+3 to 63%), India (NC at 50%), Argentina (-3 to 42%) and China (+7 to 39%).
France sits in last place on this measure with only 2% expecting their local economies would be stronger, unchanged from last sounding. Also at the bottom of the ranking sit Hungary ( +2 to 5%), Belgium (+1 to 6%), Japan (+1 to 8%), Great Britain (+3 to 10%) and South Korea (-1 to 11%)Britain (+3 to 10%) and South Korea ( 1 to 11%).
Countries with the greatest improvements: China (+7 to 39%), Germany (+5 to 18%) and Sweden (+4 to 16%).
Countries with the greatest declines: Indonesia (-5 to 32%), Turkey (-4 to 31%), Mexico (-3 to 36%), Argentina (-3 to 42%) and Spain (-3 to 18%).
12A Global@dvisory – February 2012 – G@29
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 isisHIGHEST
this month
has experienced an IMPROVEMENT
since last sounding
has experienced a DECLINE
since last sounding
isLOWEST
this monthSaudi Arabia 86% South Africa 10 Mexico 6 Hungary 2%Saudi Arabia 86% South Africa 10 Mexico 6 Hungary 2%
Sweden 72% China 9 South Korea 4 Spain 4%Australia 70% Germany 9 India 3 Italy 5%Germany 70% Brazil 6 Turkey 3 France 6%
Canada 65% Great Britain 5 Sweden 2 Japan 8%India 65% Argentina 3 Indonesia 1 Great Britain 13%
China 64% Belgium 3 South Korea 17%Brazil 62% Canada 2 United States 21%
Australia 2 Belgium 22%France 1 Mexico 24%
Poland 27%
13A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
1. National Economic Assessment: Regions at a Glance Compared to the Last Wave…
CHANGEREGION(in descending order by NET)
NET‘Good’
CHANGE(since last sounding)
Middle East/Africa 61% 2%Middle East/Africa 61% 2%BRIC 55% 3%
LATAM 47% 1%North America (Can/US) 43% 1%North America (Can/US) 43% 1%
APAC 43% 1%G8 27% 2%
Europe 25% 2%Europe 25% 2%
14A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
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 isisHIGHEST
this month
has experienced an IMPROVEMENT
since last sounding
has experienced a DECLINE
since last sounding
isLOWEST
this month
Saudi Arabia 69% Saudi Arabia 5 Turkey 10 Spain 6%
China 52% China 4 South Korea 5 Japan 7%
Brazil 50% Germany 4 Indonesia 2 Hungary 8%
Sweden 49% Brazil 4 United States 1 Italy 10%
Australia 47% South Africa 3 India 1 South Korea 12%
India 47% Poland 3 France 12%
Canada 45% Great Britain 3 Belgium 15%
Germany 45% Japan 2 Great Britain 16%
Russia 2 Russia 21%
S d 1 U it d St t 22%Sweden 1 United States 22%
Hungary 1 Mexico 22%
Belgium 1 Poland 24%
A ti 1 S th Af i 26%
15A Global@dvisory – February 2012 – G@29
The Economic Pulse
Argentina 1 South Africa 26%
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
2. Local Economic Assessment: Regions at a Glance Compared to the Last Wave…
NETREGION(in descending order by NET)
NET‘Strong’
Top 3 Box (5-6-7)
CHANGE(since last sounding)
Middle East/Africa 43% 1%Middle East/Africa 43% 1%BRIC 42% 2%
LATAM 36% 2%North America 33% 1%North America 33% 1%
APAC 31% N/CG-8 Countries 22% 1%
E 21% 2%Europe 21% 2%
16A Global@dvisory – February 2012 – G@29
The Economic Pulse
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
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 isHIGHEST
this month
pIMPROVEMENT
since last sounding
pDECLINE
since last soundingLOWEST
this month
Brazil 74% China 7 Indonesia 5 France 2%
Saudi Arabia 63% Germany 5 Turkey 4 Hungary 5%
India 50% Sweden 4 Mexico 3 Belgium 6%
Argentina 42% Brazil 3 Argentina 3 Japan 8%
China 39% Saudi Arabia 3 Spain 3 Great Britain 10%
Mexico 36% United States 3 South Korea 1 South Korea 11%
Indonesia 32% Australia 3 Italy 15%
It l 3 S d 16%Italy 3 Sweden 16%
Great Britain 3 South Africa 16%
Russia 2 Poland 16%
Hungary 2Hungary 2Canada 2
Japan 1Belgium 1
17A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
3. Six Month Outlook on Local Economy: Regions at a Glance Compared to Last Wave…
REGION NET CHANGEREGION(in descending order by NET)
NET‘Stronger’
CHANGE(since last sounding)
LATAM 51% N/C
BRIC 45% 3%
Middle East/Africa 37% N/C
APAC 25% 1%APAC 25% 1%
North America 23% 2%
G-8 Countries 15% 3%
E 12% 2%Europe 12% 2%
18A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
DETAILED FINDINGSDETAILED FINDINGS
19A Global@dvisory – February 2012 – G@29
The Economic Pulse
Assessing The Current Economic Sit tiSituation …
…in Their Countryy
20A Global@dvisory – February 2012 – G@29
The Economic Pulse
Detailed Tables B.3
Global Citizens Assess the Current Economic Situation in their Country as “Good”
39%86%
72%
TotalSaudi Arabia
Sweden
‘Very Good / Somewhat Good’
70%70%
65%65%
64%
AustraliaGermany
CanadaIndia
Chi 64%62%
55%55%
50%
ChinaBrazil
ArgentinaTurkey
Hong Kong45%
42%30%
27%24%
g gIndonesia
South AfricaRussiaPolandMexico 24%
22%21%
17%13%
MexicoBelgium
United StatesSouth KoreaGreat Britain
8%6%
5%4%
2%
JapanFrance
ItalySpain
Hungary
21A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?*Note that results for Hong Kong are not included in aggregate results to allow for consistent tracking.
2%Hungary
Global Average Tracked - Global Citizens Assess the Current Economic Situation in their Country as “Good”:… 1
Total Good
56% 55%60%
70%
Total Good
45%
32%
29%
38% 37% 38% 39% 39% 40% 41% 40% 42% 41% 41% 40% 41%38% 40% 41% 40% 40% 38% 39% 38% 39% 38% 39%
40%
50%
10%
20%
30%
0%
10%
Apr
/07
Oct
/07
Apr
/08
Nov
/08
Apr
/09
v/Ja
n/10
Mar
/10
Apr
/10
May
/10
Jun/
10
Jul/1
0
Aug
/10
Sept
/10
Oct
/10
Nov
/10
Dec
/10
Jan/
11
Feb/
11
Mar
/11
Apr
/11
May
/11
Jun/
11
Jul/1
1
Aug
/11
Sept
/11
Oct
/11
Nov
/11
Dec
/11
Jan/
12
Nov
S S
22A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
For All Countries Tracked: Citizens Assess theCurrent Economic Situation in their Country as “Good”
Nov/09Jan/10
Mar‘10
Apr‘10
May ‘10
Jun‘10
July‘10
Aug‘10
Sep ‘10
Oct‘10
Nov‘10
Dec‘10
Jan‘11
Feb‘11
Mar‘11
Apr‘11
May‘11
Jun‘11
Jul‘11
Aug‘11
Sept‘11
Oct‘11
Nov‘11
Dec‘11
Jan‘12
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?
Argentina 28% 21% 25% 27% 39% 34% 36% 38% 35% 42% 39% 45% 41% 43% 46% 46% 47% 50% 50% 59% 54% 55% 52% 55%Australia 82% 80% 73% 74% 72% 72% 72% 77% 78% 74% 75% 78% 72% 70% 70% 73% 66% 64% 56% 61% 62% 67% 68% 70%Belgium 28% 29% 22% 23% 22% 29% 33% 36% 29% 28% 31% 34% 39% 36% 41% 40% 42% 41% 37% 31% 25% 24% 19% 22%
Brazil 72% 59% 60% 65% 65% 55% 60% 58% 66% 64% 62% 56% 61% 53% 52% 51% 51% 53% 52% 55% 55% 59% 56% 62%Canada 60% 65% 67% 64% 68% 68% 65% 68% 63% 63% 62% 68% 68% 64% 68% 69% 69% 72% 73% 66% 66% 62% 63% 65%% % % % % % % % % % %
China 78% 80% 82% 78% 77% 74% 77% 75% 79% 74% 72% 74% 73% 67% 75% 68% 68% 66% 61% 65% 65% 62% 55% 64%France 14% 11% 9% 8% 6% 9% 12% 10% 10% 12% 12% 11% 10% 10% 8% 11% 12% 8% 12% 7% 6% 7% 5% 6%
Germany 44% 37% 45% 37% 38% 48% 55% 56% 64% 67% 63% 64% 64% 62% 67% 68% 68% 71% 66% 63% 64% 64% 61% 70%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% 13%
H 7% 4% 8% 8% 8% 9% 11% 7% 13% 7% 6% 3% 5% 3% 6% % 6% % 4% 4% 2% 3% 2% 2%Hungary 7% 4% 8% 8% 8% 9% 11% 7% 13% 7% 6% 3% 5% 3% 6% 5% 6% 5% 4% 4% 2% 3% 2% 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% 65%
Indonesia - 49% 52% 52% 49% 51% 39% 49% 54% 45% 48% 37% 38% 40% 46% 47% 40% 41% 36% 42% 35% 50% 46% 45%Italy 24% 17% 17% 14% 16% 16% 17% 14% 16% 11% 14% 11% 14% 12% 10% 14% 10% 10% 8% 8% 8% 6% 5% 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% 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% 24%Poland 42% 41% 47% 45% 46% 42% 33% 33% 29% 30% 28% 23% 29% 19% 23% 22% 20% 24% 28% 27% 30% 28% 27% 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% 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% 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% 42%South Africa - 38% 44% 41% 34% 56% 45% 41% 46% 41% 51% 45% 45% 40% 41% 43% 42% 38% 39% 34% 39% 32% 32% 42%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% 17%
Spain 10% 5% 5% 6% 5% 10% 10% 9% 10% 7% 7% 4% 6% 6% 8% 6% 6% 7% 6% 3% 5% 3% 4% 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% 72%Turkey 51% 35% 44% 40% 44% 37% 45% 39% 43% 41% 41% 46% 47% 43% 49% 50% 51% 57% 48% 61% 59% 54% 58% 55%
23A Global@dvisory – February 2012 – G@29
The Economic Pulse
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% 21%
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
39%42%
Totoal (+1) South Africa (+10)
64%70%
62%13%
55%
China (+9)Germany (+9)
Brazil (+6)Great Britain (+5)
Argentina (+3) 55%22%
65%70%
6%
Argentina (+3)Belgium (+3)Canada (+2)
Australia (+2)France (+1)
Green marks countries experiencing improvement;Blue marks countries with no change from last month; Red marks countries experiencing a decline…
6%2%
5%8%
27%
France (+1)Hungary (N/C)
Italy (N/C)Japan (N/C)
Poland (N/C)30%
86%4%
21%
Russia (N/C)Saudi Arabia (N/C)
Spain (N/C)United States (N/C)
45%72%
55%65%
17%
Indonesia (-1)Sweden (-2)Turkey (-3)
India (-3)S th K ( 4)
24A Global@dvisory – February 2012 – G@29
The Economic Pulse
17%24%
South Korea (-4)Mexico (-6)
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?
10%9%
-15% -10% -5% 0% 5% 10% 15%
South Africa (+10)China (+9)
9%6%
5%3%
Germany (+9)Brazil (+6)
Great Britain (+5)Argentina (+3)
3%2%2%
1%
Belgium (+3)Canada (+2)
Australia (+2)France (+1)
0%0%0%0%
Hungary (N/C)Italy (N/C)
Japan (N/C)Poland (N/C)
0%0%0%0%
Russia (N/C)Saudi Arabia (N/C)
Spain (N/C)United States (N/C)
-1%-2%
-3%-3%
4%
Indonesia (-1)Sweden (-2)Turkey (-3)India (-3)
25A Global@dvisory – February 2012 – G@29
The Economic Pulse
-4%-6%
South Korea (-4)Mexico (-6)
Assessing the Current Economic Situation by All Regions: Current Tracked Status:
71%
80%
‘Very Good / Somewhat Good’
64%
61%51%
55%
61%60%
70%
45%
47%
43%
51%
40%
50%
25%
27%30%
25%
10%
20%
07 07 08 08 09 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Apr
/0
Oct
/0
Apr
/0
Nov
/0
Apr
/0
Nov
/Jan
/1
Mar
/1
Apr
/1
May
/1
Jun/
1
Jul/1
Aug
/1
Sept
/1
Oct
/1
Nov
/1
Dec
/1
Jan/
1
Feb/
1
Mar
/1
Apr
/1
May
/1
Jun/
1
Jul/1
Aug
/1
Sept
/1
Oct
/1
Nov
/1
Dec
/1
Jan/
1
North America (Can/US) LATAM Europe APAC G8 BRIC Middle East/Africa
26A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
North American (Canada/US) CountriesAssessing the Current Economic Situation 1
90%
100%‘Very Good / Somewhat Good’
80%65%70%
80%
47%
40%
50%
60%
21%20%
30%
40%
0%
10%
07 07 08 08 09 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Apr
200
Oct
200
Apr
200
Nov
200
Apr
200
Nov
/Jan
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
/1
Apr
/1
May
/1
Jun/
1
Jul/1
Aug
/1
Sept
/1
Oct
/1
Nov
/1
Dec
/1
Jan/
1
United States Canada
27A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
United States Canada
LATAM CountriesAssessing the Current Economic Situation 1
70%
80%
‘Very Good / Somewhat Good’
62%
50% 55%
60%
70%
42%
55%
40%
50%
24%
20%
30%
0%
10%
07 07 08 08 09 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Apr
-0
Oct
-0
Apr
-0
Nov
-0
Apr
-0
Nov
-09/
Jan-
1
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sept
-1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
Feb-
1
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sept
-1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
Brazil Argentina Mexico
28A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Brazil Argentina Mexico
European CountriesAssessing the Current Economic Situation 2
80%
90%
‘Very Good / Somewhat Good’
59%70%
58%
64%
72%
60%
70%
80%
58%55%
50%
40%
50%
27%
13%22%
28%27%
20%
30%
6%
13%
4%5%
2%2%0%
10%
-07
-07
-08
-08
-09
010
-10
-10
-10
-10
-10
-10
-10
-10
-10
-10
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-12
Apr
-
Oct
-
Apr
-
Nov
-
Apr
-
Nov
/Jan
20
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sep-
Oct
-
Nov
-
Dec
-
Jan-
Feb-
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sept
-
Oct
-
Nov
-
Dec
-
Jan-
Germany France Spain Sweden Great Britain Belgium Italy Hungary Poland
29A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
APAC CountriesAssessing the Current Economic Situation 1
90%90%
100%
‘Very Good / Somewhat Good’
78% 70%
88%
65%65%70%
80%
64%49%
45%
40%
50%
60%
30%
16%
27%
17%20%
30%
40%
8%
0%
10%
07 07 08 08 09 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Apr
-0
Oct
-0
Apr
-0
Nov
-0
Apr
-0
Nov
-09/
Jan-
1
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sep-
1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
Feb-
1
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sept
-1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
30A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Australia China India Japan Russia South Korea Indonesia
G8 CountriesAssessing the Economic Situation 2
90%
100%‘Very Good / Somewhat Good’
80%
65%
70%65%70%
80%
55%
65%59%
47%40%
50%
60%
13%27%
28% 30%
21%20%
30%
40%
13%
6%5%
8%
0%
10%
r-07 t-0
7
r-08
v-08
r-09
n-10
r-10
r-10
y-10
n-10 l-1
0
g-10 t-1
0
t-10
v-10
c-10
n-11
b-11
r-11
r-11
y-11
n-11 l-1
1
g-11 t-1
1
t-11
v-11
c-11
n-12
Apr Oct
Apr
Nov Apr
Nov
-09/
Jan
Mar
Apr
May Jun
Jul
Aug
Sept
Oct
Nov Dec Jan
Feb
Mar
Apr
May Jun
Jul
Aug
Sept
Oct
Nov Dec Jan
G C G S
31A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Great Britain Canada France Germany Italy Japan Russia United States
BRIC CountriesAssessing the Economic Situation 3
90%90%
100%
‘Very Good / Somewhat Good’
65%
88%
65%70%
80%
90%
62%64%
50%
60%
42%30%
20%
30%
40%
0%
10%
07 07 08 08 09 10 10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Apr
-0
Oct
-0
Apr
-0
Nov
-0
Apr
-0
Nov
09/
Jan
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sept
-
Oct
-
Nov
-
Dec
-
Jan-
Feb-
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sept
-
Oct
-
Nov
-
Dec
-
Jan-
32A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Brazil Russia India China
Middle East/African CountriesAssessing the Economic Situation 2
86%90%
100%
‘Very Good / Somewhat Good’
73%
70%
80%
51% 55%
38% 42%40%
50%
60%
20%
30%
40%
0%
10%
10 -10
-10
-10
-10
-10
-10
-10
-10
-10
-10
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-11
-12
N09
/J
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sep-
Oct
-
Nov
-
Dec
-
Jan-
Feb-
Mar
-
Apr
-
May
-
Jun-
Jul-
Aug
-
Sept
-
Oct
-
Nov
-
Dec
-
Jan-
Turkey Saudi Arabia South Africa
33A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Assessing The Economy…g y
…In Their Local Area
34A Global@dvisory – February 2012 – G@29
The Economic Pulse
Detailed Tables B.6
Citizen Consumers Who Say The Economy In Their Local Areais Strong…
29%69%
52%
TotalSaudi Arabia
China
% Strong (Top 3: 5-6-7)
50%49%
47%47%
45%
BrazilSweden
AustraliaIndia
C d 45%45%
35%35%
33%
CanadaGermany
ArgentinaTurkey
Hong Kong31%
26%24%
22%22%
g gIndonesia
South AfricaPolandMexico
United States 22%21%
16%15%
12%
United StatesRussia
Great BritainBelgium
France12%
10%8%
7%6%
South KoreaItaly
HungaryJapanSpain
35A Global@dvisory – February 2012 – G@29
The Economic Pulse
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*Note that results for Hong Kong are not included in aggregate results to allow for consistent tracking.
6%Spain
Citizen Consumers Who Say The EconomyIn Their Local Area is Strong N/C
70%
Total - % Strong (Top 3: 5-6-7)
60%
70%
30% 30% 30% 30% 31% 30% 30% 31% 30% 30% 30% 31% 30%
40%
50%
28%30% 29% 29% 29% 30% 30% 30% 31% 30% 30% 31%
29% 30% 30% 30% 31%29% 30% 29% 29% 29% 29%
20%
30%
0%
10%
0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 2
Mar
/10
Apr
/10
May
/10
Jun/
10
Jul/1
0
Aug
/10
Sept
/10
Oct
/10
Nov
/10
Dec
/10
Jan/
11
Feb/
11
Mra
/11
Apr
/11
May
/11
Jun/
11
Jul/1
1
Aug
/11
Sept
/11
Oct
/11
Nov
/11
Dec
/11
Jan/
12
36A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
Citizen Consumers Who Say The EconomyIn Their Local Area is Strong
Mar2010
April2010
May 2010
June 2010
July2010
Aug2010
Sept2010
Oct2010
Nov2010
Dec2010
Jan2011
Feb2011
Mar2011
Apr2011
May2011
Jun2011
Jul2011
Aug2011
Sept2011
Oct2011
Nov2011
Dec2011
Jan2012
% Strong (Top 3 5-6-7)
Total 28% 30% 29% 29% 29% 30% 30% 30% 31% 30% 30% 31% 29% 30% 30% 30% 31% 29% 30% 29% 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% 35%Australia 56% 55% 55% 50% 52% 52% 53% 57% 53% 55% 60% 54% 53% 51% 50% 46% 46% 42% 43% 49% 46% 47% 47%Belgium 15% 11% 11% 12% 14% 20% 19% 17% 21% 16% 20% 30% 23% 27% 26% 25% 24% 19% 21% 18% 16% 14% 15%
Brazil 38% 48% 48% 51% 41% 46% 45% 50% 47% 51% 42% 47% 41% 39% 42% 41% 43% 46% 39% 44% 49% 46% 50%Brazil 38% 48% 48% 51% 41% 46% 45% 50% 47% 51% 42% 47% 41% 39% 42% 41% 43% 46% 39% 44% 49% 46% 50%Canada 44% 47% 45% 46% 47% 46% 48% 43% 46% 42% 49% 49% 46% 49% 49% 51% 49% 51% 48% 48% 44% 45% 45%
China 61% 57% 58% 55% 58% 59% 59% 63% 59% 55% 56% 57% 56% 56% 51% 49% 47% 45% 53% 48% 48% 48% 52%France 14% 14% 12% 11% 14% 15% 13% 14% 14% 12% 14% 15% 16% 14% 16% 16% 14% 18% 12% 15% 12% 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% 45%Great Britain 16% 19% 13% 12% 15% 15% 15% 13% 16% 15% 15% 14% 12% 14% 17% 17% 12% 12% 17% 13% 13% 13% 16%Great Britain 16% 19% 13% 12% 15% 15% 15% 13% 16% 15% 15% 14% 12% 14% 17% 17% 12% 12% 17% 13% 13% 13% 16%
Hungary 11% 13% 11% 13% 10% 14% 11% 15% 11% 9% 12% 10% 9% 12% 10% 12% 11% 9% 9% 8% 8% 7% 8%India 61% 62% 61% 63% 53% 56% 61% 61% 67% 60% 51% 55% 52% 52% 47% 50% 42% 49% 47% 47% 48% 48% 47%
Indonesia 37% 30% 34% 26% 30% 26% 29% 33% 31% 32% 25% 23% 30% 27% 33% 27% 29% 24% 31% 26% 34% 33% 31%Italy 18% 19% 17% 18% 18% 19% 18% 17% 15% 18% 14% 18% 16% 16% 18% 17% 16% 14% 13% 12% 10% 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% 7%Japan 4% 5% 5% 5% 4% 5% 5% 5% 5% 6% 4% 5% 5% 5% 7% 6% 7% 5% 5% 7% 6% 5% 7%Mexico 20% 22% 24% 24% 19% 18% 18% 18% 15% 17% 22% 21% 17% 18% 18% 19% 25% 24% 21% 21% 23% 22% 22%Poland 29% 30% 30% 28% 30% 31% 29% 21% 25% 22% 19% 21% 19% 23% 17% 21% 21% 23% 24% 24% 19% 21% 24%Russia 23% 22% 25% 23% 24% 30% 24% 26% 24% 19% 20% 16% 17% 21% 18% 18% 19% 17% 18% 23% 18% 19% 21%
Saudi Arabia 49% 53% 51% 48% 55% 58% 57% 47% 50% 58% 57% 55% 62% 63% 61% 63% 66% 69% 64% 58% 67% 64% 69%South Africa 26% 35% 28% 27% 34% 28% 26% 27% 26% 30% 34% 29% 22% 23% 28% 34% 34% 27% 26% 26% 25% 23% 26%South Africa 26% 35% 28% 27% 34% 28% 26% 27% 26% 30% 34% 29% 22% 23% 28% 34% 34% 27% 26% 26% 25% 23% 26%South Korea 16% 20% 22% 21% 18% 22% 22% 23% 26% 28% 23% 25% 16% 19% 21% 18% 21% 16% 16% 16% 18% 17% 12%
Spain 13% 8% 8% 10% 13% 10% 10% 10% 11% 10% 9% 9% 9% 10% 9% 8% 11% 8% 6% 8% 8% 6% 6%Sweden 44% 46% 47% 49% 46% 53% 54% 54% 58% 55% 53% 57% 51% 54% 47% 52% 59% 57% 52% 55% 43% 48% 49%Turkey 29% 31% 26% 32% 30% 25% 29% 34% 27% 30% 32% 33% 33% 33% 35% 38% 46% 32% 45% 42% 44% 45% 35%
U it d St t 20% 21% 21% 21% 20% 17% 16% 19% 20% 20% 19% 24% 18% 18% 19% 18% 22% 17% 18% 16% 19% 23% 22%
37A Global@dvisory – February 2012 – G@29
The Economic Pulse
United States 20% 21% 21% 21% 20% 17% 16% 19% 20% 20% 19% 24% 18% 18% 19% 18% 22% 17% 18% 16% 19% 23% 22%
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.
Countries Ranked and Marked By Change In Assessment From Last Month (Left Column):
29%69%
52%
Total (N/C)Saudi Arabia (+5)
China (+4)
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…
52%45%
50%26%
24%
China (+4)Germany (+4)
Brazil (+4)South Africa (+3)
Poland (+3) 24%16%
7%21%
49%
Poland (+3)Great Britain (+3)
Japan (+2)Russia (+2)
Sweden (+1)
Green marks countries experiencing improvement;Blue marks countries with no change from last month; Red marks countries experiencing a decline…
8%15%
35%47%
Hungary (+1)Belgium (+1)
Argentina (+1)Australia (N/C)
45%22%
12%10%
6%
Canada (N/C)Mexico (N/C)France (N/C)
Italy (N/C)S i (N/C) 6%
47%22%
31%12%
Spain (N/C)India (-1)
United States (-1)Indonesia (-2)
South Korea (-5)
38A Global@dvisory – February 2012 – G@29
The Economic Pulse
12%35%
South Korea (-5)Turkey (-10)
Countries Ranked by Net Improvement, Decline or No Change Compared to Last Month:
R t th t t t f th i l l i l f 1 t 7 h 7 t
5%4%
-15% -10% -5% 0% 5% 10% 15%
Saudi Arabia (+5)China (+4)
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…
4%4%
3%3%
( )Germany (+4)
Brazil (+4)South Africa (+3)
Poland (+3)
3%2%2%
1%
Great Britain (+3)Japan (+2)
Russia (+2)Sweden (+1)
1%1%1%
0%
Hungary (+1)Belgium (+1)
Argentina (+1)
Australia (N/C)0%0%0%0%
Canada (N/C)Mexico (N/C)France (N/C)
Italy (N/C)
0%-1%-1%
-2%
India (-1)United States (-1)Indonesia (-2)
Spain (N/C)
39A Global@dvisory – February 2012 – G@29
The Economic Pulse
-5%-10%
South Korea (-5)Turkey (-10)
All RegionsAssess the Strength of Their Local Economy
50%
55%
% Strong (Top 3 5-6-7)
37%
46%
42%
43%
40%
45%
%
32%
33%
36%37%
31%
35%
30%
35%
25%
21%21%
22%
20%
25%
21%
10%
15%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
40A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
North America LATAM Europe APAC G-8 Countries BRIC Middle East/Africa
North American CountriesAssess the Strength of Their Local Economy 1
50%
55%
% Strong (Top 3 5-6-7)
44% 45%
40%
45%
50%
30%
35%
20%
22%
20%
25%
20%
10%
15%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
United States Canada
41A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
United States Canada
LATAM CountriesAssess the Strength of Their Local Economy 2
50%50%
55%
% Strong (Top 3 5-6-7)
40%
45%
50%
38% 35%
30%
35%
20% 22%
20%
25%
19%
10%
15%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
B il A ti M i
42A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
Brazil Argentina Mexico
European CountriesAssess the Strength of Their Local Economy 2
70%
% Strong (Top 3 5-6-7)
44%49%50%
60%
45%
29%30%
40%
27%
16% 16%
15% 12%15%
18%
24%
20%
30%
14%
6%
12%10%8%
0%
10%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sept
-1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
Feb-
1
Mar
-1
Apr
-1
May
-1
Jun-
1
Jul-1
Aug
-1
Sept
-1
Oct
-1
Nov
-1
Dec
-1
Jan-
1
Germany France Spain Sweden Great Britain Belgium Italy Hungary Poland
43A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
Germany France Spain Sweden Great Britain Belgium Italy Hungary Poland
APAC CountriesAssess the Strength of Their Local Economy N/C
%
80%
% Strong (Top 3 5-6-7)
56%
61%
52%
60%
70%
47%
35%37%40%
50%
23% 21%
16% 12%
29%31%
20%
30%
4%7%
16% 12%
0%
10%
0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 2
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
A t li Chi I di J R i S th K T k I d i
44A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
Australia China India Japan Russia South Korea Turkey Indonesia
G8 CountriesAssess the Strength of Their Local Economy 1
% Strong (Top 3 5-6-7)60%
44% 45%
40%
50%
27%
23%
30%
16%16%
12%
18%
10%
23%
21%20%22%
10%
20%
10%4% 7%
0%
10%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Great Britain Canada France Germany Italy Japan Russia United States
45A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
y y p
BRIC CountriesAssess the Strength of Their Local Economy 2
% Strong (Top 3 5-6-7)
70%
80%
61%
52%
60%
70%
38%
50%47%
52%
40%
50%
23%21%20%
30%
0%
10%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Brazil Russia India China
46A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
Brazil Russia India China
Middle East/ African CountriesAssess the Strength of Their Local Economy 1
69%70%
80%% Strong (Top 3 5-6-7)
49%
69%
50%
60%
70%
29% 35%
40%
50%
26%26%
20%
30%
0%
10%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Julo
20
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Turkey Saudi Arabia South Africa
47A Global@dvisory – February 2012 – G@29
The Economic Pulse
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.
y
Assessing the Strength of The Local Economy…
Six Months From Now…Six Months From Now
48A Global@dvisory – February 2012 – G@29
The Economic Pulse
Detailed Tables B.7
Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months…
25%74%
63%
TotalBrazil
Saudi Arabia
% Much Stronger / Somewhat Stronger
50%42%
39%36%
32%
IndiaArgentina
ChinaMexico
I d i 32%31%
26%21%
19%
IndonesiaTurkey
United StatesCanada
Australia18%18%
17%16%16%
GermanySpain
RussiaPoland
South Africa 16%16%
15%14%
11%
South AfricaSweden
ItalyHong Kong
South Korea10%
8%6%
5%2%
Great BritainJapan
BelgiumHungary
France
49A Global@dvisory – February 2012 – G@29
The Economic Pulse
Looking ahead 6 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?*Note that results for Hong Kong are not included in aggregate results to allow for consistent tracking.
2%France
Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 1
70%
Global Total% Much Stronger / Somewhat Stronger
60%
70%
31% 31% 30% 30% 29% 28% 28% 28% 29% 28%
40%
50%
30% 30% 29% 28% 28% 28% 29%27% 27% 28%
26% 27% 27% 26% 25% 24% 24% 24% 24% 24% 25%
20%
30%
0%
10%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
50A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months…
Mar2010
April 2010
May2010
June 2010
July2010
Aug 2010
Sept2010
Oct2010
Nov2010
Dec2010
Jan2011
Feb2011
Mar2011
Apr2011
May2011
Jun2011
Jul2011
Aug2011
Sept2011
Oct2011
Nov2011
Dec2011
Jan2012
% Much Stronger/Somewhat Stronger
Total 31% 31% 30% 30% 29% 28% 28% 28% 29% 27% 27% 28% 26% 27% 27% 26% 25% 24% 24% 24% 24% 24% 25%Argentina 32% 36% 35% 45% 36% 45% 42% 39% 44% 43% 42% 44% 44% 42% 45% 47% 47% 52% 52% 50% 47% 45% 42%Australia 36% 34% 30% 25% 29% 26% 27% 29% 27% 24% 23% 24% 22% 23% 20% 19% 19% 16% 16% 16% 18% 16% 19%Belgium 18% 14% 10% 14% 14% 17% 15% 13% 12% 12% 13% 13% 14% 15% 11% 14% 10% 6% 8% 8% 4% 5% 6%Brazil 79% 71% 72% 72% 69% 68% 75% 78% 76% 78% 73% 73% 67% 72% 71% 64% 71% 71% 65% 74% 72% 71% 74%Canada 38% 35% 29% 30% 32% 25% 27% 26% 27% 27% 31% 29% 28% 28% 26% 25% 24% 18% 15% 19% 19% 19% 21%China 57% 49% 51% 49% 50% 50% 50% 50% 48% 44% 49% 49% 40% 42% 44% 39% 36% 35% 44% 39% 42% 32% 39%France 5% 7% 3% 4% 5% 5% 5% 3% 4% 4% 5% 4% 4% 4% 4% 5% 3% 4% 2% 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% 18%Great Britain 18% 21% 22% 16% 16% 15% 13% 12% 13% 12% 13% 11% 8% 10% 12% 14% 9% 9% 10% 8% 9% 7% 10%Hungary 22% 24% 23% 23% 15% 18% 18% 23% 13% 10% 12% 15% 10% 11% 7% 8% 10% 8% 6% 5% 6% 3% 5%India 66% 66% 64% 67% 59% 58% 64% 65% 65% 61% 55% 61% 55% 55% 50% 52% 43% 52% 54% 56% 50% 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% 32%Italy 20% 21% 17% 19% 17% 18% 16% 17% 16% 15% 18% 16% 17% 15% 15% 15% 13% 14% 10% 11% 21% 12% 15%Japan 11% 12% 12% 13% 9% 8% 6% 6% 8% 8% 8% 9% 8% 9% 10% 9% 10% 7% 7% 10% 6% 7% 8%pMexico 34% 37% 44% 36% 33% 32% 35% 38% 30% 36% 33% 37% 43% 38% 41% 37% 39% 36% 34% 36% 39% 39% 36%Poland 23% 23% 20% 23% 22% 24% 19% 19% 19% 21% 12% 19% 14% 17% 13% 15% 16% 18% 19% 15% 13% 16% 16%Russia 17% 19% 17% 18% 23% 18% 21% 13% 24% 16% 16% 18% 18% 18% 16% 16% 13% 16% 15% 20% 17% 15% 17%Saudi Arabia 44% 49% 50% 41% 46% 53% 46% 48% 45% 47% 45% 52% 56% 60% 59% 60% 62% 64% 57% 53% 54% 60% 63%South Africa 38% 35% 34% 33% 36% 24% 25% 21% 27% 27% 28% 22% 16% 16% 21% 23% 17% 10% 15% 16% 20% 16% 16%South Africa 38% 35% 34% 33% 36% 24% 25% 21% 27% 27% 28% 22% 16% 16% 21% 23% 17% 10% 15% 16% 20% 16% 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% 11%Spain 28% 27% 26% 21% 25% 24% 22% 20% 21% 20% 20% 21% 21% 23% 22% 20% 18% 18% 15% 23% 17% 21% 18%Sweden 19% 20% 15% 21% 20% 17% 19% 21% 19% 20% 16% 21% 17% 18% 17% 16% 15% 14% 14% 11% 16% 12% 16%Turkey 32% 35% 30% 30% 32% 33% 29% 28% 27% 23% 30% 32% 28% 32% 34% 36% 38% 25% 40% 35% 28% 35% 31%United States 31% 36% 32% 27% 23% 22% 22% 24% 29% 25% 27% 27% 21% 24% 25% 22% 22% 17% 17% 16% 20% 23% 26%
51A Global@dvisory – February 2012 – G@29
The Economic Pulse
United States 31% 36% 32% 27% 23% 22% 22% 24% 29% 25% 27% 27% 21% 24% 25% 22% 22% 17% 17% 16% 20% 23% 26%
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?
Countries Ranked and Marked By Change In Assessment From Last Month (Left Column):
L ki h d i th f d t th i l l t b h t h t
25%39%
TotalChina (+7)
Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhatstronger, about the same, somewhat weaker, or much weaker than it is now?
39%18%
16%74%
63%
China ( 7)Germany (+5)Sweden (+4)
Brazil (+3)Saudi Arabia (+3)
26%19%
15%10%
17%
United States (+3)Australia (+3)
Italy (+3)Great Britain (+3)
R i ( 2)Green marks countries experiencing improvement;
17%5%
21%8%
6%
Russia (+2)Hungary (+2)Canada (+2)
Japan (+1)Belgium (+1)
Blue marks countries with no change from last month; Red marks countries experiencing a decline…
6%50%
16%16%
2%
Belgium (+1)India (N/C)
Poland (N/C)South Africa (N/C)
France (N/C)11%
18%42%
36%
South Korea (-1)Spain (-3)
Argentina (-3)Mexico (-3)
( 4)
52A Global@dvisory – February 2012 – G@29
The Economic Pulse
31%32%
Turkey (-4)Indonesia (-5)
Countries Ranked by Net Improvement, Decline or No Change Compared to Last Month:
L ki h d i th f d t th i l l t b h t h t
7%5%
-20% -15% -10% -5% 0% 5% 10% 15% 20%
China (+7)Germany (+5)
Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhatstronger, about the same, somewhat weaker, or much weaker than it is now?
4%3%3%3%
Sweden (+4)Brazil (+3)
Saudi Arabia (+3)United States (+3)
3%3%3%
2%
Australia (+3)Italy (+3)
Great Britain (+3)Russia (+2)
2%2%
1%1%
Hungary (+2)Canada (+2)
Japan (+1)Belgium (+1)
0%0%0%0%
India (N/C)Poland (N/C)
South Africa (N/C)France (N/C)
-1%-3%-3%-3%
South Korea (-1)Spain (-3)Argentina (-3)Mexico (-3)
53A Global@dvisory – February 2012 – G@29
The Economic Pulse
-4%-5%
Turkey (-4)Indonesia (-5)
All Regions - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months
51%
55%60%
% Much Stronger/Somewhat Stronger
48%51%
45%
38%37%40%
50%
34%
25%30%
23%
19%
12%
20%
15%
10%
20%
12%
0%
10%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
North America LATAM Europe APAC G-8 Countries BRIC Middle East/Africa
54A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
North America LATAM Europe APAC G-8 Countries BRIC Middle East/Africa
North American Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2
50%
% Much Stronger/Somewhat Stronger
38%40%
45%
31%26%
30%
35%
26%
21%20%
25%
10%
15%
0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 2
Mar
201
0
Apr
201
0
May
201
0
Jun
2010
Jul 2
010
Aug
201
0
Sept
201
0
Oct
201
0
Nov
201
0
Dec
201
0
Jan
2011
Feb
2011
Mar
201
1
Apr
201
1
May
201
1
Jun
2011
Jul 2
011
Aug
201
1
Sept
201
1
Oct
201
1
Nov
201
1
Dec
201
1
Jan
2012
55A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
United States Canada
LATAM Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months N/C
79%80%
90%
% Much Stronger/Somewhat Stronger
74%
60%
70%
80%
42%
34%40%
50%
32%
3 %
36%
20%
30%
0%
10%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Brazil Argentina Mexico
56A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Brazil Argentina Mexico
European Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 2
% Much Stronger/Somewhat Stronger
35%
40%
28%
25%
30%
35%
23%
18%19%
18%
20%22%
16%
20%
25%
5%
18%
10%
6%
15%
16%
10%
15%
5%
2%
6%5%
0%
5%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Germany France Spain Sweden Great Britain Belgium Italy Hungary Poland
57A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Germany France Spain Sweden Great Britain Belgium Italy Hungary Poland
APAC Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 1
66%70%
80%
% Much Stronger/Somewhat Stronger
57%
66%
50%
60%
70%
36% 39%
50%
32% 32%
40%
50%
19%
17% 17%
21%
32%31%31%
20%
30%
11% 8%
17%11%
0%
10%
10 10 10 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 11 11 11 11 12
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Australia China India Japan Russia South Korea Turkey Indonesia
58A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Australia China India Japan Russia South Korea Turkey Indonesia
G8 Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 3
45%
50%
% Much Stronger/Somewhat Stronger
38%
35%
40%
21%23%
20%
31% 26%
20%
25%
30%
18%
10%
18%
15%
11% 8%
17%17%
10%
15%
20%
5% 2%
11% 8%
0%
5%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Great Britain Canada France Germany Italy Japan Russia United States
59A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
y y p
BRIC Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months 3
79%
74%80%
90%
% Much Stronger/Somewhat Stronger
74%
66%
60%
70%
50%57%
39%40%
50%
17%17%20%
30%
0%
10%
010
010
010
010
010
010
010
010
010
010
011
011
011
011
011
011
011
011
011
011
011
011
012
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul 2
0
Aug
20
Sept
20
Oct
20
Nov
20
Dec
20
Jan
20
B il R i I di Chi
60A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Brazil Russia India China
Middle East/African Countries - Citizen Consumers Who Say The Economy in the Local Area to be Stronger in The Next Six Months N/C
63%
70%
% Much Stronger/Somewhat Stronger
44%50%
60%
31%38%
30%
40%
32%
16%20%
30%
0%
10%
0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 2
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Feb
201
Mar
201
Apr
201
May
201
Jun
201
Jul 2
01
Aug
201
Sept
201
Oct
201
Nov
201
Dec
201
Jan
201
Turkey Saudi Arabia South Africa
61A Global@dvisory – February 2012 – G@29
The Economic Pulse
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?
Turkey Saudi Arabia South Africa
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62A Global@dvisory – February 2012 – G@29
The Economic Pulse
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63A Global@dvisory – February 2012 – G@29
The Economic Pulse