[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
Note: Dec 2021 update
Attached is the Ipsos SEA Ahead - Shifts and Sentiments Webinar Deck.
Recording is available at:- https://register.gotowebinar.com/recording/8021796462795942668
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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