Majority Of World Growth Will Come From Emerging Markets

Is the economic situation in your country good or bad? Are you satisfied with the direction your country is taking?

If you live in the United States, your answer may not be very favorable. A Gallup Poll survey in May of 2010 indicated that 46% said the economy was bad; only 12% said that the economy was good.

The results of a 2009 survey (Pew Global Attitudes Project) indicated that a whopping 83% of participants stated that the economy was bad in the United States. Only 17% thought that the economy was good. In 2007, roughly 50% of Americans thought that the economy was good. That’s a dramatic turnaround folks.

On the contrary, if you are from China, 88% of you said that the economy was good in 2009. Only 10% thought that the economy was bad. China is the fastest growing major economy in the world. China’s economy grew at an annual rate of 11.9% in the first quarter of 2010, with no signs of slowing down.

If you live in India, your outlook about the economy is probably favorable. In the same survey, 73% thought that the economy was good in India; 27% thought that it was bad. Some analysts are predicting that India may surpass China in economic growth. The growth in India is expected to remain strong.

Take a look here at Pew and see how people responded in 25 countries.

Out of the 28 emerging markets in the world, China and India are considered to be the largest two.