Survey highlights mix of optimism, concern

Consumers in the world's fastest developing economies - including China - believe the global recession will be over within a year, according to a Nielson survey.

While the world remains in the grips of a global credit crunch, around one in three Chinese and Russians, 51 percent of Indians, and 45 percent of Vietnamese are expecting the global recession to end within the next 12 months, said a Nielsen Global Consumer Confidence survey. The survey polled 26,202 consumers in 52 countries during early October in the midst of the global financial crisis.

For global consumers, the last 12 months have been challenging and turbulent, but Chinese consumers' confidence has remained relatively stable since the second half of 2006 and even experienced a slight increase according to this round of the Nielsen survey.