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Economic confidence is rising in UK: Report

by Blitzindiamedia
August 20, 2023
in Blitz India Media
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LONDON: Economic sentiment in the United Kingdom and Germany is on the mend, with positive knock-on effects, according to Morning Consult’s Europe Geopolitical Risk Outlook Report.

In both these countries, a recent improvement in economic sentiment has coincided with a slight softening of negative views toward immigration and a rebound in public belief in a meritocratic society, the study added.

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It provides a comprehensive, data-driven assessment of public attitudes toward key issues at the intersection of politics and economics across five major markets in Western Europe: France, Germany, Italy, Spain, and the United Kingdom.

Food and fuel prices: The study found that economic confidence is on the rise in Europe. It confirmed that Western Europeans’ belief that their respective economies are stable is recovering from a low ebb in late summer and fall 2022.

Among other countries in the region, the outlook stated, “Decreasing food and energy prices are largely to thank, and Germany and the United Kingdom have seen the biggest reversals.” It also suggested that though the ongoing war in Ukraine continues to be perceived as a major threat, “some fatigue has set in”.

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