{"id":31951,"date":"2012-07-12T10:55:47","date_gmt":"2012-07-12T15:55:47","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2012\/07\/12\/chapter-3-reality-check\/"},"modified":"2024-04-14T01:11:45","modified_gmt":"2024-04-14T06:11:45","slug":"chapter-3-reality-check","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/global\/2012\/07\/12\/chapter-3-reality-check\/","title":{"rendered":"Chapter 3. Reality Check"},"content":{"rendered":"<h3 data-is-section=\"true\" data-wp-context=\"{&quot;id&quot;:&quot;perceptions-vs-experience&quot;}\" data-wp-interactive=\"{&quot;namespace&quot;:&quot;prc-block\\\/table-of-contents&quot;}\" id=\"perceptions-vs-experience\" class=\"wp-block-heading\">Perceptions Vs. Experience<\/h3>\n\n<figure><img data-dominant-color=\"85533e\" data-has-transparency=\"false\" style=\"--dominant-color: #85533e;\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22206 not-transparent\" src=\"https:\/\/assets.pewresearch.org\/wp-content\/uploads\/sites\/2\/2012\/07\/ECON0009.png\" alt=\"\" width=\"620\" height=\"503\"><\/figure>\n\n<p class=\"wp-block-paragraph\">The public\u2019s retrospective perception of the economy is generally in line with economic experience. Seven-in-ten Chinese (70%) say they are better off than they were five years ago. And China experienced the fastest growth over the last half decade (averaging 10.5% annually from 2007 to 2011) among the 21 countries surveyed by the Pew Research Center. Similarly, 50% of Indians say they are better off and India averaged 8.1% growth over that period. More than seven-in-ten (72%) Brazilians say economic times are better now and Brazil averaged 4.2% growth over the last five years.<\/p>\n\n<figure><img data-dominant-color=\"e7e7e7\" data-has-transparency=\"false\" style=\"--dominant-color: #e7e7e7;\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22207 not-transparent\" src=\"https:\/\/assets.pewresearch.org\/wp-content\/uploads\/sites\/2\/2012\/07\/ECON0008.png\" alt=\"\" width=\"619\" height=\"418\"><\/figure>\n\n<p class=\"wp-block-paragraph\">There is a strong correlation between recent economic experience and people\u2019s perception of their current national economic situation. Nearly three-quarters of Germans (73%) are satisfied with how the Germany economy is doing, reflecting an International Monetary Fund report of 3.1% growth last year. Conversely, only 6% of the Spanish give a good grade to their economy, which grew by only 0.7% in 2011.<\/p>\n\n<p class=\"wp-block-paragraph\">There is a similar pattern with expectations about the economy over the next 12 months. More than eight-in-ten Chinese (83%) think their economy is going to improve over the next year. And the International Monetary Fund agrees, projecting a robust 8.2% growth.<\/p>","protected":false},"excerpt":{"rendered":"<p>Perceptions Vs. Experience The public\u2019s retrospective perception of the economy is generally in line with economic experience. Seven-in-ten Chinese (70%) say they are better off than they were five years ago. And China experienced the fastest growth over the last half decade (averaging 10.5% annually from 2007 to 2011) among the 21 countries surveyed by [&hellip;]<\/p>\n","protected":false},"author":294,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[],"tags":[],"bylines":[],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[525],"workflow-status":[],"class_list":["post-31951","post","type-post","status-publish","format-standard","hentry","formats-report","research-teams-global"],"label":false,"post_parent":31929,"word_count":187,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/global\/2012\/07\/12\/chapter-3-reality-check\/","art_direction":{"A1":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=360&h=309&crop=1","width":360,"height":309,"chartArt":false},"A2":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"A3":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=194&h=110&crop=1","width":194,"height":110,"chartArt":false},"A4":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"XL":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=360&h=309&crop=1","width":360,"height":309,"chartArt":false},"social":{"id":42399,"rawUrl":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2012\/07\/PG_12.07.12_economicConditions_feature2.png?w=360&h=309&crop=1","width":360,"height":309,"chartArt":false}},"_embeds":[],"watchers":[],"table_of_contents":[{"id":31929,"title":"Pervasive Gloom About the World Economy","slug":"pervasive-gloom-about-the-world-economy","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/global\/2012\/07\/12\/pervasive-gloom-about-the-world-economy\/","is_active":false},{"id":31937,"title":"Chapter 1. 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