Post-Pandemic Economic Condition In Their Country Is Extremely Positive, Stated 46.98%

The COVID-19 pandemic started as a two-year-long slump in businesses and economies worldwide. Even with the pandemic declared to have come to an end, the repercussions it had on the global economy are still felt. Numerous reports have been published making a case for either side of the argument—one that claims that the pandemic’s ill effect on the global economy has come to a standstill and another that claims it has not.

On this note, Real Research launched a survey on post-pandemic global economy to understand the sentiments of the public on this matter. Read more to learn more about what we found out.

Highlights:

• 81.81% were financially impacted post-pandemic, says report.
• Post-pandemic financial conditions improve, believe 25.47% of the respondents
• 55.79% predict that a global recession is absolutely possible in the future.

How did the pandemic impact the financial situation?

Post-Pandemic Global Economy GDP dropped by 3.4%, equating to over $2 trillion in lost economic output from a total of $84.54 trillion in 2020, attributing to COVID-19. Real Research, an online survey app, asked our respondents if the pandemic had impacted them financially. 81.81% replied that it did impact them significantly, while 18.19% said it was not their case.

We asked them in detail how the Post-Pandemic Global Economy impacted their financial situation. Out of our respondents, 25.47% stated that their financial condition improved, 40.64% claimed that their financial condition stayed the same, and 33.88% believed that their financial condition worsened.

The two opinions

The observations of economists who have studied the Post-Pandemic Global Economy situation after the two-year slump caused by the COVID-19 pandemic are torn between two opinions. One section asserts that the Post-Pandemic Global Economy situation has improved, while the others contradict this view. Real Research asked our poll takers about how they perceive the post-pandemic economic condition in their country. While 46.98% of the group perceived the post-pandemic economic condition in their country as extremely positive, 26.96% saw it as somewhat positive, another 17.37% felt it was somewhat negative, and 8.69% thought it was extremely negative.

The United Nations report

As per a United Nations (UN) report, post-pandemic global economy growth has been sluggish, with global growth forecasted at 2.5% in 2024, showing a slight uptick. We asked the public if they were concerned about this forecasted growth rate. Slightly more than half the sample pool stated that they are somewhat concerned, while 32.44% were notedly extremely concerned, 13.85% were somewhat unconcerned, and 2.25% were extremely concerned. 

With the growth rate showing an uptick to 2.3% in 2023, it still falls short of the pre-pandemic two-decade average of 3.1%. We asked the public, considering these figures, how confident they were in the UN’s outlook for global economic growth.  31.99% said they were very confident, 46.64% replied that they were somewhat confident, 17.13% stated they were somewhat uncertain, and 4.24% felt very uncertain.

What does the future look like?

The COVID-19 health crisis is officially over, and supply-chain disruptions have reverted to pre-pandemic levels. Nevertheless, the unmistakable signs of a recession and economic crisis remain evident due to the global economic slowdown happening in different parts of the world for various reasons like war, natural calamity, and political turmoil. Real Research asked our survey group if they foresaw a global recession shortly. 55.79% felt it was absolutely possible, 36.92% thought it was probable, 5.99% felt it was probably not the case, and 1.30% were certain that it was absolutely not the case.