Outside of Asia, Africa, and Germany, the majority of people are uncertain about the economy and think things are getting worse. The blame goes back The Great Recession because it undermined people’s confidence and trust in financial institutions, government responses, and conventional wisdom. The reality of unemployment, inflation, and growth improvements lead the emotional responses which lag. Emotions take longer to recover than economies, but they also affect economies. If the economy continues to improve, positive reinforcement will happen. If the economy hits another upset, the new attitudes will be reinforced. This is a critical time for the perception of the global economy.
(Click on the photo for the link.)
“Explaining The World’s Economic Funk” – Washington Post
