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October 29, 2008
Before Crisis, G7 Countries Expressed Economic Worry 
Developing countries expressed far less concern by Ian T. Brown WASHINGTON, D.C. -- Even before the onset of worldwide stock market volatility inSeptember 2008, Gallup found respondents living in G7 countries (Canada, France,Germany, Italy, Japan, the United Kingdom, and the United States) to be morepessimistic about their local economic conditions than respondents living in othercountries surveyed. Respondents living in G7 countries were also far morepessimistic about local economic conditions than respondents living in the developingBRIC countries (Brazil, Russia, India, and China).Respondents living in the G7 countries were far more likely to say their localeconomy was getting worse (median of 48%) than respondents living in the 112countries surveyed (global median of 28%). For the same question, respondents in theBRIC countries were more likely to say their local economy was getting better(median of 53%) when compared with citizens living in other countries (globalmedian of 40%).
Before Meltdown, G7 Countries Expressed Econo...http://www.gallup.com/poll/111565/before-meltdow...1 of 609-10-17 02:46 PM
 
 The U.S. housing market crash, and the historically high foreclosure rates ittriggered, became international news in March 2007. By August 2007, the U.S.Federal Reserve System, the European Central Bank, and the Bank of Japan startedsupplying funds to their respective banking markets to buttress security-backedassets.Gallup Polls show that citizens in developed countries were experiencing economicuncertainty in 2007 and early 2008. In terms of local job markets, a median of almost two-thirds (63%) of respondents in the G7 countries said it was a bad time tolook for work. Again, results from the BRIC countries were less pessimistic, with amedian of just 50% of respondents saying it was a bad time to find a job. Only amedian of one-quarter of those surveyed in the G7 countries said it was a good time to
Before Meltdown, G7 Countries Expressed Econo...http://www.gallup.com/poll/111565/before-meltdow...2 of 609-10-17 02:46 PM
 
find a job.
Before Meltdown, G7 Countries Expressed Econo...http://www.gallup.com/poll/111565/before-meltdow...3 of 609-10-17 02:46 PM
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