Economic Progress

2008 vs. Today: Why we’re more pessimistic about the economic situation now

Passersby wearing protective masks walk past an electronic board showing Japan's Nikkei average, the exchange rate between Japanese yen against the U.S. dollar and other world's benchmarks outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan September 14, 2020. REUTERS/Issei Kato - RC26YI9MI5WC

Global GDP is now expected to contract by 4.9% in 2020. Image: REUTERS/Issei Kato

Shannon Schumacher
Research Associate, Pew Research Center
Mara Mordecai
Research Associate, Pew Research Center.
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economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
How economic attitudes compare across countries, across different financial recessions. Image: Pew Research Center
economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
Economic attitudes have declined. Image: Pew Research Center
economics imf money gdp finance recession recovery growth negative Coronavirus china virus health healthcare who world health organization disease deaths pandemic epidemic worries concerns Health virus contagious contagion viruses diseases disease lab laboratory doctor health dr nurse medical medicine drugs vaccines vaccinations inoculations technology testing test medicinal biotechnology biotech biology chemistry physics microscope research influenza flu cold common cold bug risk symptomes respiratory china iran italy europe asia america south america north washing hands wash hands coughs sneezes spread spreading precaution precautions health warning covid 19 cov SARS 2019ncov wuhan sarscow wuhanpneumonia pneumonia outbreak patients unhealthy fatality mortality elderly old elder age serious death deathly deadly
More except economic conditions to improve now, than they did in 2008. Image: Pew Research Center
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Economic ProgressCOVID-19Financial and Monetary Systems
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