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Understanding recession response by Twitter users: A text analysis approach
1UPN Veteran Jakarta, Jakarta, Indonesia.
Heliyon
|January 23, 2024
Summary
Twitter users perceived the global economic recession negatively in 2023, with neutral and negative sentiment dominating discussions. Cryptocurrency was the only topic discussed positively, indicating a unique user perspective.
Area of Science:
- Social Sciences
- Economics
- Computational Social Science
Background:
- Global economic recession predictions for 2023 were widespread among economists.
- Understanding public perception of economic downturns is crucial for policy and communication.
Purpose of the Study:
- To analyze Twitter user sentiment and themes regarding the global economic recession.
- To identify popular related topics and their associated sentiments on Twitter.
Main Methods:
- Web crawling of tweets using Python programming.
- Application of sentiment analysis and thematic analysis techniques.
- Data cleansing and filtering for accurate analysis.
Main Results:
- 46% of analyzed tweets exhibited neutral sentiment, while 44% showed negative sentiment.
- Economic projections were a highly popular topic, followed by cryptocurrency, politics, energy, and employment.
- Cryptocurrency emerged as the sole topic with a predominantly positive sentiment.
Conclusions:
- Twitter data indicates a predominantly negative perception of the global economic recession among users.
- The public discourse surrounding economic recession is largely characterized by neutral to negative sentiment.
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