Leading experts’ sentiment indicates pessimistic global development for the upcoming six months 

Economic development is expected to deteriorate significantly from +32% currently to -5% worldwide according to the study “Global Economic Outlook (GEO) Score”.  Measured on a scale from -100% and +100%, the global score reflecting the current economic situation, Q3 2019, is still positive with +32%.  However, when discussing the next six months, it drops to -5% worldwide. The highest regional current satisfaction score is in the Americas at +44% and the lowest is in Europe at +15%.  The score for the expected development within the next six months lowers globally.  Overall, the most negative estimation for the future is found in Europe with -22% and the most positive is in Asia with +6%. 

The country-specific findings highlight this general switch to concern about the future economic situation but vary depending on the respective nation:  In the US, a score of +58% for the current economic situation is quite positive, but it deteriorates heavily to -11% when considering the economic development for the next six months. In a similar pattern, Germany’s outlook drops from a current score of +69% to -35%. In the UK, a negative present satisfaction score of -34% goes from very bad to even worse with -54%. Things are different in Italy where the current situation is estimated negatively at -44% but the outlook is +8%, showing an expected improvement over the next six months. 

Statista has published its new quarterly report “Global Economic Outlook (GEO) Score” for Q3 2019 in collaboration with Atheneum. The GEO survey is a unique economic sentiment indicator reflecting a holistic picture of perceived economic change.  On a quarterly basis, Statista and Atheneum ask around 2,000 leading experts from 23 countries and different industries about their views on the current and future economic situation. Respondents are businesspeople in leading positions with at least ten years of professional experience.  For the methodology, the expert evaluations are converted into net scores which are then weighted by their general satisfaction and outlook score, their scores on individual aspects of the economy and ultimately weighted by each respective country’s GDP.  

Starting today, the World Bank and the IMF are kicking-off their annual meetings which are set to downgrade economic outlook significantly. Founder and CEO of Statista, Dr. Friedrich Schwandt said: “The World Bank and IMFs findings confirm the clouding global economic outlook illustrated by the GEO score.  As a sentiment indicator, it aims to reflect those actual findings by looking at the perceived status quo and development of the global economy.”    

Download full study here. 

About Statista

Statista is the global No. 1 business data platform. Statista, founded in 2007 in Germany, has around 700 employees in its offices in Hamburg, London, New York, Los Angeles, Paris, Singapore and Tokyo. 

About Atheneum

Atheneum is a global knowledge sharing platform, which connects leading investment funds, consulting firms, and corporations with the world’s most renowned experts to empower our clients’ business decisions. We provide unlimited access to over +450,000 of the world’s leading experts from over 7,000 niche markets.