I was reading on Liberation that the French are more pessimistic about their economic future than Palestinians, then I noticed Lebanese feel the same.
There’s no doubt that the economic situation is bad in Lebanon, but I doubt that it is worse than Palestine. The countries that are most optimistic about their future economic situation are China, Peru, Vietnam, Senegal, Nigeria, India and Colombia.
Check out the full study [Here].
More than half of Greeks (53%) anticipate economic conditions worsening over the next 12 months, (another 26% expect the Greek economy to remain the same, which, in a nation where the economy shrank by -3.9% in 2013 is hardly a vote of confidence). In addition, 48% of the French expect their economy to deteriorate, as do 46% of Lebanese and 44% of Palestinians. Greek pessimists, however, may be pleasantly surprised: the IMF foresees the Greek economy improving from 0.6% growth in 2014 to 2.9% in 2015. Similarly, while less than half the Lebanese expect more hard times, the IMF forecasts Lebanon’s economy to accelerate from 1% growth in 2014 to 2.5% in 2015. [Pew]
Here’s why we think it’s worse than that of Palestine’s. We are not officially at a state of war like Palestine is with Israel. Still, the difference is a mere 2%.
Lebanon could do so much better in terms of its economy, but there are several factors that hold it down, and we all know what they are.
That said, sitting and doing nothing but complaining won’t help.
Weird the Greeks are thinking this way knowing that their latest economic quarter showed growth for the first time since the crisis. I think this is affected by the time the study was made.