Nearly 4 in 10 Singaporeans believe the country will enter recession in next 6 months: YouGov survey
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Almost 40 per cent of Singaporeans believe the country will slip into a recession in six months' time, amid the ongoing conflict in the Middle East.The findings from global market research firm YouGov, released on Tuesday (May 12), mark a sharp rise from FebNearly 4 in 10 Singaporeans believe the country will enter recession in next 6 months: YouGov survey
Almost 40 per cent of Singaporeans believe the country will slip into a recession in six months' time, amid the ongoing conflict in the Middle East.The findings from global market research firm YouGov, released on Tuesday (May 12), mark a sharp rise from Feb 2 — 26 days before the United States and Israel launched attacks on Iran — when only 19 per cent of Singaporeans said they believe the country would fall into a recession within the next six months.In its latest tranche of the monthly Singapore Consumer Sentiment Tracker, which polled 1,000 Singaporeans on April 15, just 15 per cent of respondents felt Singapore will experience economic growth; 20 per cent said the economy will remain stable and unchanged, while 25 per cent said they don't know or can't tell. The proportion of respondents who felt Singapore will undergo a recession was 39 per cent, up from just 18 per cent of those polled on Jan 30.Commenting about the survey, which highlights public confidence and consumer spending in Singapore, YouGov said: «Sentiment has steadily declined since the onset of the current geopolitical conflict in late February.» Read more














