This 29-country Global Advisor survey was conducted between March 24, 2023 and April 7, 2023 through the Ipsos Online Panel system among 20,570 adults ages 18-74 in Canada, Israel, Malaysia, South Africa, Turkey and the United States, between 20 and 74 years in Indonesia and Thailand, between 21 and 74 years in Singapore, and between 16 and 74 years in the rest of the nations. The sample consists of approximately 1000+ individuals in each of Australia, Belgium, Brazil, Canada, France, Germany, Great Britain, Italy, Israel, Japan, Mexico, Spain, Sweden, and the USA, and approximately 500+ individuals in each of Argentina, Chile, Colombia, Hungary, India, Indonesia, Malaysia, the Netherlands, Peru, Poland, Singapore, South Africa, South Korea, Thailand and Turkey.
Inflation: the expectations of Argentines
In his recent poll in June, he recorded that 78% of Argentines believe that inflation will increase a lot next year. At a global level, it ranks as one of the countries with the highest expectation of an increase in inflation, a position only disputed by South Africa with 83%. Behind Argentina comes Signapur with 77% and South Africa with 75%. The same thought appears when analyzing the increase in interest rates, where 77% of the population also indicates that they will rise next year.
One of the most interesting data in the global report, It was when Argentines were asked how long they think it will be before inflation returns to normal in their country. There, 33% indicated that it will not be “Never” while 47% affirmed that it will be in the next 12 months. 29%, more optimistic, will affirm that it will be next year. Only 5% indicated that “we are working on it”.
Another of the variables is the expectation of improvement in the standard of living. There only 37% of Argentines indicated that it will improve next year.
Regarding inflation as the main reason for concern for society, Argentina also appears in first place, with 76%, compared to a world average of 41%. Then come Poland with 66%, Canada and Hungary with 55%, Singapore 54% and Australia 52%.
More than 9 out of 10 Argentines (92%) believe that their country is heading in the wrong direction. They have also recorded a new low for their economy: only 2% considered it to be in “good” shape.
In this sense, Ipsos highlighted that “from bad to worse the proportion of people who describe the current economic situation in Argentina as good has fallen 3 percentage points, to 2%.” On the other hand, they affirm that “this is the lowest score in the country’s history and ties with Hungary (December 2011) and Spain (December 2012) in the lowest score of “good economy” recorded by any country since began our survey in March 2010″.
Why are prices rising?
Globally, 73% of people believe that the price rise is due to the state of the global economy. Meanwhile, 71% attribute it to high interest rates and 70% to government policies. The curious fact is that 63% affirm that the rise in prices is due to companies that have excessive profits.
But in the case of Argentina, the order of the causes of inflation is key:
– 66% is due to government policies
– 64% interest rates
– 63% the state of the economy
– 57% to the COVID pandemic
– 55% to companies that make excessive profits
Argentina appears as the country where the largest number of people believe that the government’s course is wrong and in which the level of mistrust registered a maximum since the survey was carried out. 92% of those surveyed chose that answer, while only 8% answered the opposite.
Regarding inflation as the main reason for concern of society, Argentina also appears in first place, with 76%, compared to a world average of 41 percent. Then come Poland with 66%, Canada and Hungary with 55%, Singapore 54% and Australia 52 percent.
The country least concerned about this issue is Indonesia with 16%, followed by Israel 24%, Peru 25%, South Africa 26% and the Netherlands and Japan, with 28% in each case.
global pessimism
- 26 out of 29 countries think their country is currently in a recession.
- 46% of the average believe that inflation will take more than 12 months to return to normal in their country, 19% believe that “it never will”.
- People in Australia, the UK, Canada, France, Poland and Germany are more likely than a year ago to say they are finding things “difficult”.
- Close to 7 out of 10 continue to expect an increase in the cost of their purchases of food, services, energy and household purchases in the next six months. This expectation is higher in the United Kingdom, Argentina and Australia, where around four fifths expect prices to rise.
- In India, companies making excessive profits are considered the main cause of rising cost of living, while for Turkey it is immigration. South Korea, the Netherlands, Italy and Sweden are the countries that most point to the Russian-Ukrainian War as a factor.
Source: Ambito
