Consumers in large developing countries are more confident about their economies than their counterparts in western Europe and the US, according to an opinion poll that lays bare the two-paced nature of the global recovery.
In India, 85 per cent of consumers see their country’s economic situation as good, while 77 per cent of people in China and 65 per cent in Brazil are also optimistic.
However, in Spain just 5 per cent view their economy positively, in France 6 per cent, in the UK 13 per cent and the US 18 per cent, according to a survey of 19,000 citizens in 24 countries by Ipsos Mori.
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