Press Release - Living in Crisis -Impact of Covid-19 on Economy Optimism and Consumer Spending among SEA Countries
A year of living with Covid-19, citizens in SEA continue to battle the concern on country economy.
Ipsos SEA 3rd wave study that conducted on February 2021 among SEA countries, revealed that:
- Indonesia was remain as the most optimistic of economy recovery in 6 month ahead that other countries (76%)
- Spending intent remains muted on large purchases. Behavior is shifting from ‘pandemic routine’ to ‘small indulgences’
- Efficient roll out of vaccination can build economic optimism as in the case of Singapore. Philippines, Malaysia, and Thailand needs more confident building measures
