{"id":551126,"date":"2022-05-26T13:25:51","date_gmt":"2022-05-26T13:25:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/"},"modified":"2022-05-26T13:25:51","modified_gmt":"2022-05-26T13:25:51","slug":"everyone-is-really-concerned-about-the-global-economy-right-now","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/","title":{"rendered":"Everyone is really concerned about the global economy right now"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Everyone is really concerned about inflation right now:<\/strong> Inflation is the number one concern gripping the world right now as the commodity price shock and supply chain disruptions cause the biggest spike in the cost of living in decades, according to Ipsos\u2019 latest <a href=\"https:\/\/ent.news\/2022\/5\/What-worries-the-world-april-2022.pdf\">What Worries The World report (pdf)<\/a>. A third of the 19k people surveyed by the market research firm in April said rising inflation was one of their biggest concerns, up from just 10% a year ago.<\/p>\n<p><strong>Inflation hasn\u2019t been a factor in years:<\/strong> Inflation became one of the world\u2019s five biggest worries for the first time since 2013 in March, and only became a bigger concern in April, rising another 6% to become the most important thing weighing on people\u2019s minds. Of the 27 countries included in the survey, 26 saw increasing concern about heightened prices in April as the war in Ukraine sent shockwaves through the commodity markets, and food and energy shortages worsened.<\/p>\n<p><strong>Inflation is at historic highs in many of the countries included in the survey:<\/strong> Turkey\u2019s inflation is running at a <a href=\"https:\/\/www.bbc.com\/news\/business-61332272\">two-decade high of 70%<\/a>, prices in the US are accelerating at a rate not seen <a href=\"https:\/\/www.pbs.org\/newshour\/politics\/u-s-inflation-hits-new-40-year-high-jumping-7-9-over-past-year\">since the early 1980s<\/a>, while the UK is now predicting its consumer price index to <a href=\"https:\/\/www.theguardian.com\/business\/2022\/may\/25\/inflation-rate-uk-poorest-households-forecast-energy-price-cap\">hit 14%<\/a> before the end of the year.<\/p>\n<p><strong>Concern over the economy isn\u2019t limited to inflation:<\/strong> Some 31% of respondents cited poverty and social inequality as one of their biggest worries. Colombia, Brazil, Hungary, Turkey and Belgium top the list of places where social inequality was most troubling. Only four countries polled indicate that poverty and social inequality is more distressing than any other issue, down from six in the previous month.<\/p>\n<p><strong>Job security is (slightly less) of an issue:<\/strong> Some 29% were concerned about job security, down from 35% in the same time last year. South Africa is by far the most worried about unemployment, with some 64% of respondents indicating it was their primary concern.<\/p>\n<p><strong>People are feeling generally negative about the state of their countries:<\/strong> The survey indicates a broader pessimism among respondents with the direction their countries are heading in. Two-thirds of people think their countries are declining, and in 19 of the 27 countries featured the figure is over 60%. This is a long-term trend, with reports returning similar levels of dissatisfaction over the past year.<\/p>\n<p><strong>European nations are more concerned about war than other areas of the world:<\/strong> Ipsos added military conflict to its survey following Russia\u2019s invasion of Ukraine, and it comes as no surprise that people in European nations are more likely to cite war as a pressing concern. Almost 4 in 10 people in Poland cite war as one of the biggest problems facing the country, while Germany (35%), Sweden (30%) and the UK (28%).<\/p>\n<p><strong>A global north \/ south divide on climate change:<\/strong> The survey revealed a divide between the developed and developing worlds, with respondents in richer countries more likely to cite climate change as one of the biggest issues.<\/p>\n<p><strong>And covid-19 now seems like a long time ago:<\/strong> Fears of covid-19 have dissipated as vaccines have become more available and economic problems come to the fore. The virus is now the eighth-largest problem cited by respondents, below taxes, corruption and access to healthcare.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone is really concerned about inflation right now: Inflation is the number one concern gripping the world right now as the commodity price shock and supply chain disruptions cause the biggest spike in the cost of living in decades, according to Ipsos\u2019 latest What Worries The World report (pdf). A third of the 19k people [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":551127,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[633,182,2782,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-enterprisepm","tag-inflation","tag-social-inequality","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"f69675f2-8e3f-4d0a-8ad7-e3a4335a5cb9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/540.jpg","photo_position":"above","related_issue":[551116],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Everyone is really concerned about the global economy right now - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Everyone is really concerned about the global economy right now\" \/>\n<meta property=\"og:description\" content=\"Everyone is really concerned about inflation right now: Inflation is the number one concern gripping the world right now as the commodity price shock and supply chain disruptions cause the biggest spike in the cost of living in decades, according to Ipsos\u2019 latest What Worries The World report (pdf). A third of the 19k people [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-26T13:25:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/540.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Everyone is really concerned about the global economy right now\",\"datePublished\":\"2022-05-26T13:25:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\"},\"wordCount\":539,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/540.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"inflation\",\"social inequality\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/everyone-is-really-concerned-about-the-global-economy-right-now\/\",\"name\":\"Everyone is really concerned about the global economy right now - 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Business activity contracted at a slightly slower pace during the month, with the index inching up to\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557917,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/wall-street-banks-are-getting-nervy-on-stocks-economists-are-calling-the-feds-bluff-on-interest-rates\/","url_meta":{"origin":551126,"position":1},"title":"Wall Street banks are getting nervy on stocks + economists are calling the Fed\u2019s bluff on interest rates","author":"enterpriseam admin","date":"12 September 2021","format":false,"excerpt":"Have US equities peaked? Some analysts are beginning to think so, after US stocks last week saw their worst performance since June, according to the Financial Times. 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Consumer prices in urban areas rose 13.2% during the month, slightly slower than the 13.5% rate of growth we\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564512,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/will-the-pandemic-not-local-macro-triggers-be-key-to-the-cbes-next-rate-decision\/","url_meta":{"origin":551126,"position":4},"title":"Will the pandemic, not local macro triggers, be key to the CBE\u2019s next rate decision?","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"The EGX30 rose 0.85% at today\u2019s close on turnover of EGP 1.92 bn (26% above the 90-day average). Regional investors were net sellers. The index is up 6.45% YTD. In the green: Fawry (+4.2%), Pioneers Holding (+3.1%) and Sidi Kerir Petrochemicals (+2.4%). In the red: Cleopatra Hospital (-1.0%), CI Capital\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565162,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/the-em-policy-dilemma-threatens-fresh-bout-of-volatility\/","url_meta":{"origin":551126,"position":5},"title":"The EM policy dilemma threatens fresh bout of volatility","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"The EM scramble to strike policy balance could lead to a wave of volatility: As the global commodities boom threatens to cause a surge in inflation, central banks in emerging markets are faced with an age-old dilemma: keep rates high to hold down prices or accommodate growth and pour more\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/528.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551126"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551126\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551127"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551126"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551126"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}