[PRESS RELEASE] - Living Through Pandemic - Covid-19 Impact on SEA Economy & Consumer Spending

 A year of living with COVID-19, citizens in SEA continue to battle the concern on country economy

The latest findings based on the study on the Covid-19 Impact on SEA Economy & Consumer Spending reveals that:-

  • Most countries are optimistic about income recovery, except for Malaysia and Thailand where income stability sentiment has declined after the resurgence of COVID-19
  • Concern on the impact on income if there is a resurgence of COVID-19 cases remains heightened through SEA
  • 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