You are probably wondering: “Are There Any Chances of a 2023 Stock Market Crash?” You’re not alone. Everyone is pondering about the global economy, especially now that expert predictions have ranged from extreme optimism to not-so-subtle nervousness.
Take a look at these insights by the Ipsos Global Advisor Predictions surveys from 2019‒2023, the chart plots the percentage of average citizens that think global stock markets will crash in 2023.
The methodology employed? The annual reports used to generate the charts draw from a 36-country survey of more than 24,000 adults. Each country shown had at least 500 individuals sampled, with countries in the G7 and other major economies including China, Brazil, and South Korea having approximately 1,000 individuals sampled.
Specifically, respondents were asked a question on whether “major stock markets around the world will crash” in the following year, and were asked to respond either “likely” or “unlikely”.
Summary: When looking forward to 2023, most of the respondents from around the world felt that the likelihood of global stock markets crashing was more likely than unlikely.
For succinctness, Consumertrics took a look at the responses just for the first 9 countries:
Market Crash Predictions by Country Likely (2023) Unlikely (2023)
Argentina 48% 28%
Australia 57% 25%
Belgium 49% 27%
Brazil 44% 40%
Canada 45% 32%
Chile 59% 29%
China 40% 50%
France 42% 35%
Germany 43% 30%
Global Average 50% 31%
You see? Citizens thought it was more likely than not that global stock markets would crash in 2023. This includes the entire G7, with 40–47% of each member’s citizens responding “likely” compared to 26–35% responding “unlikely.”
NOTE that the most pessimistic responses came from Malaysia, Poland, and South Africa, where more than 60% of respondents thought it was likely that markets would crash in 2023. Malaysian citizens led the way with 71% viewing a 2023 crash as likely.
The only three countries where citizens believed a 2023 stock market crash was less likely were China, Israel, and Hungary. China had the highest “unlikely” response rate at 50%, while in Hungary, just 33% of respondents responded “likely” compared to 47% responding unlikely.
Credits: Gilbert Fontana, internet, Omri Wallach, Ipsos Global Advisor, consumertrics
