Oil prices are about to reach a level that hasn’t been seen in nearly a decade, a Reuters/Ipsos poll found, underscoring how oil-rich the world is and what will happen if global energy demand drops.
The poll also found that many people in the developed world do not expect a global recession, with 58% of respondents believing they will see no economic impact from the global recession.
But that was not the case among the developing world, which was split evenly on whether they expected an economic downturn, the poll showed.
The poll found that among people in developed countries, those who did not expect economic impact were more likely to be women, people under the age of 30, those with a high school education or less, and those with less than $40,000 in annual income.
The majority of the developed countries surveyed by Reuters/IIPSO in March 2017 did not see a recession, but some were still considering it.
In the developing nations polled by Reuters last month, people were evenly divided on whether the global economy would take a downturn.
The global recession will affect the global population and the economies of all countries.
A Reuters/ Ipsos survey of more than 3,000 people found that in most countries, people believe that the global financial system will collapse if oil prices continue to fall.
But the poll also showed that people who believe global economic activity will slow down in the coming years are also more likely than those who think the economy will continue to recover to say that global recession would have little or no effect on the global society.
For the global average age group, a median of 54% of people surveyed in March said global recession is not likely in the near future, while 39% said the global economic system will continue its current path, with 28% unsure.
The results of the poll are based on a nationally representative sample of 3,012 adults from all around the world.