Are Singaporeans expecting an economic downturn in the next year or so? According to UOB’s ASEAN Consumer Sentiment Study (ACSS) 2023, over 70 percent of UOB’s Asean consumer sentiment study are expecting to experience an economic downturn in the next 12 months. The study also found that rising inflation is a key concern in Asean with 63 percent of the respondents expressing worry about it.

Jasmine Yeo, Head of Insights & Transformation, UOB shares with us more details on the findings from the study. 

Are Singaporeans expecting an economic downturn in the next year or so? According to UOB’s ASEAN Consumer Sentiment Study (ACSS) 2023, over 70 percent of UOB’s Asean consumer sentiment study are expecting to experience an economic downturn in the next 12 months. The study also found that rising inflation is a key concern in Asean with 63 percent of the respondents expressing worry about it.
Jasmine Yeo, Head of Insights &amp; Transformation, UOB shares with us more details on the findings from the study.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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