Ipsos Study gives prediction of 2023 with the world reeling from the economic meltdown as a result of the Coronavirus
Ipsos Study gives prediction of 2023 with the world reeling from the economic meltdown as a result of the Coronavirus.
Inflation rates that are out of control in the majority of nations have made 2022 arguably a difficult year for families and businesses in a globe that is still recovering from the Coronavirus economic collapse.
Based on the Ipsos poll/study conducted between October and last month, research and consultancy firm Ipsos provide insights on the trends that are likely to define 2023.
Ipsos conducted interviews with 24, 471 individuals in 36 nations, ranging in age from 16 to 74, including South Africa, the United States, Singapore, and Israel.
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Even with all the doom and gloom surrounding the future, two out of three people (65%) still anticipate having a better year in 2023 than they did in 2022.
However, out of the 32 countries surveyed this year and last year, confidence for the upcoming year has decreased significantly (by over 10 percentage points), with Sweden (-26 points), Italy, Denmark, South Korea, and Japan all experiencing particularly significant drops (-18 points).
Only one economy, Brazil, has seen an increase in optimism, and even then, only slightly (from 82 percent to 85 percent).
As in most years, three in four (74 percent) say they will make some personal resolutions to do some specific things for themselves or others in 2023.
As many as 91 percent in Peru, 90 percent in Colombia and Mexico, and 89 percent in China say so. The Netherlands (45 percent) Japan (41 percent) and Sweden (35 percent) are the only countries where a minority will be making resolutions for the New Year.
Global recession in 2023
In comparison to 2022, there is generally significantly more pessimism regarding the state of the world economy.
In contrast to the 61 percent who said the same thing last year and the 54 percent who said it in 2020, only 46 percent on average expect that the global economy would be stronger next year.
Large majorities anticipate rising unemployment rates (68%) and interest rates (74%) as well as rising costs of living (79%) and prices (75%) and inflation rates (75%) respectively.
Even more concerning, over half (46%) believe that their nation will likely require emergency assistance from the International Monetary Fund, with South Africans (78%) and Argentineans (70%) being particularly concerned about this possibility.
In comparison to 2022, when only 35% of respondents believed that major stock markets worldwide would crash, 50% of respondents now believe that it is likely that this will happen.
15% of people believe that this is extremely likely to occur this year.
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