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Russians' economic pessimism highest in 20 years: Gallup

Created at 30 Jun · 1:20 PM1 source↑ Market-relevant
IN SHORT

A Gallup poll indicates that Russians' pessimism about their economy is at its highest in at least two decades, with a majority reporting worsening living standards. Confidence in the government and military has also declined.

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Key Numbers

20 yearshighest economic pessimism in Russia
60%Russians say local economic conditions worsening
27%Russians say local economic conditions improving
9%Russians say local economic conditions unchanged
56%Russians say living standards worsening
29%Russians say living standards improving
14%Russians say living standards unchanged
1,000Russians surveyed
March 14 - May 6Russian survey dates
66%confidence in Russian military
80%confidence in Russian military in 2022
53%confidence in Russian government
66%confidence in Russian government in 2022
1,000Ukrainians surveyed
7%Ukrainians approve of U.S. leadership
79%Ukrainians disapprove of U.S. leadership
140+countries Gallup has polled
24%Ukrainians say Ukraine should fight until victory
66%Ukrainians say Ukraine should negotiate peace
69%Ukrainians said Ukraine should negotiate peace a year ago

Who's Involved

Gallup
polling organization that conducted the survey
Donald Trump
U.S. President who has criticized Putin and leaned on Zelenskiy
Vladimir Putin
Russian President
Volodymyr Zelenskiy
Ukrainian President
Russians' economic pessimism highest in 20 years: Gallup

↳ Why This Matters

The findings highlight a deep and widespread economic discontent within Russia, potentially impacting domestic stability and public support for the government and its ongoing military actions. The sharp decline in approval for U.S. leadership among Ukrainians also suggests shifting geopolitical sentiments.

Key facts

  • Russians' pessimism about their economy is at its highest in at least 20 years, a Gallup poll found.
  • 60% of Russians surveyed believe local economic conditions are worsening.
  • 56% of respondents reported a decline in their living standards.
  • Confidence in the Russian military has decreased to 66% from 80% in 2022.
  • Confidence in the Russian government has fallen to 53% from 66% in 2022.
  • In Ukraine, only 7% approve of U.S. leadership performance, while 79% disapprove.

Russians' pessimism regarding their economy has reached its highest point in at least two decades, according to a Gallup poll. The survey, conducted between March 14 and May 6, found that 60% of respondents believe economic conditions in their local area are worsening, while only 27% see improvement. Furthermore, 56% of Russians stated that their living standards are deteriorating.

Confidence in the Russian military has also seen a significant decline, dropping to 66% from 80% in 2022, the year of the full-scale invasion of Ukraine. Similarly, confidence in the government fell to 53% from 66% during the same period.

The poll also surveyed Ukrainians, revealing a sharp drop in approval for U.S. leadership, with only 7% approving and 79% disapproving. Gallup noted this as the largest drop in U.S. approval over any five-year period in its polling history across more than 140 countries.

Regarding the ongoing conflict, 24% of Ukrainians believe the country should continue fighting until victory, a figure unchanged from a year ago. A larger majority, 66%, indicated that Ukraine should seek to negotiate an end to the war as soon as possible.

Frequently asked questions

The survey of Russians was conducted between March 14 and May 6, and the survey of Ukrainians was conducted in April.

56% of Russians surveyed said their living standards are worsening.

Confidence in the Russian military is at 66%, down from 80% in 2022. Confidence in the government has fallen to 53% from 66% in 2022.

66% of Ukrainians surveyed believe the country should seek to negotiate an end to the war as soon as possible.

What Happens Next

01Further analysis of the impact of fuel shortages on Russian economic sentiment.
02Monitoring of Ukrainian public opinion regarding peace negotiations versus continued fighting.

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Cadence

How It Developed

Russians' pessimism about their economy is at its highest in 20 years, according to Gallup.
A majority of Russians, 60%, believe economic conditions in their area are worsening.
% of respondents reported that their living standards are deteriorating.
Confidence in the Russian military has fallen to 66% from 80% in 2022.
Confidence in the Russian government has dropped to 53% from 66% in 2022.
In Ukraine, approval of U.S. leadership has sunk to 7%, with 79% disapproving.
% of Ukrainians believe the country should fight until victory, while 66% favor negotiating an end to the war.

Sources

T1
Economic pessimism among Russians at highest in at least 20 years, Gallup poll showsReuters

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