Brazil and China Looking Good Among BRICS

2013-04-05

The fifth summit meeting of the five BRICS countries is currently held in South Africa. According to a survey, people of Brazil and China are the most optimistic about personal financial condition and future economic outlook; in contrast, people of India and Russia are the least optimistic.
Today, Pew Research Center disclosed the survey, which was conducted in spring last year on Brazil, China, India and Russia; however, no data was revealed on South Africa.
As Europe and the US are still in the repercussions of global financial storm, the rise of the five BRICS countries has attracted a lot of attention. In the meeting, these five countries will talk about the establishment of a new development bank, a direct challenge to the dominance of World Bank and IMF, both of which have been led by the West.
According to the survey, people of Brazil and China are the most optimistic about personal financial condition and future economic outlook. In the aspect of personal financial condition, Brazil ranks the top. 72% of people in Brazil think they are financially better off than five years ago. China ranks the second. 70% of people in China think they are financially better off than five years ago. India ranks the third. 50% of people in India think they are financially better off than five years ago. Russia ranks the last. only 32% of people in Russia think they are financially better off than five years ago. In the aspect of the future economic outlook for the coming one year, Brazil ranks the top. 84% of people in Brazil think economic condition will get better; China ranks the second. 83% of people in China think economic condition will get better; India ranks the third. 45% of people in India think economic condition will get better; Russia ranks the last. only 31% of its people think economic condition will get better.
In the aspect regarding the answer to the question of “Will people of the next generation find a good job and be wealthier than their parents?”, 40% and 57% of people in Brazil and China, respectively, answered yes.