The world is starting 2016 with more confidence in terms of economic outlook than in 2015 according to a Gallup report released on December 31. Chinese people are the most optimistic globally on their nation’s economic prospects.

Quartz reported on Friday that 66,000 people in 68 countries were interviewed in the study. 45 percent of those interviewed are optimistic about their own country’s economic situation in 2016. 22 percent expect their country’s economic situation to worsen, and 33 percent say that it will remain the same.

The proportion of respondents that are optimistic is 3 percent higher than the numbers in 2015. It seems that more people feel that things are getting better than before.

West and South Asia are the most optimistic about their economic futures. 60 percent of those interviewed have a positive outlook. 53 percent of those in East Asia and Oceania, and 45 percent in Sub-Saharan Africa are optimistic. Europeans are more pessimistic about their economic futures—only 14 percent are optimistic.

Negative sentiments are mainly more prevalent among the world’s richest countries (which are defined at G7 economies in the survey). In G7 nations, only 18 percent of people believe that 2016 will be a good year economically. In emerging economies, (G20 nations) and aspiring ones (all others), 54 percent and 40 percent of people are optimistic about economic growth in 2016. China is the most optimistic economy. 65 percent of Chinese believe that 2016 will be a good year economically.

Source: inews.qq.com

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Keywords: China economics Chinese economy Gallup