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The latest Middle East and North Africa Consumer Confidence Index Survey, conducted by Bayt.com and YouGov, shows that expectations for the year to come are high across the Mena region.
In the UAE, respondents forecast a better financial climate and economy, with improved business conditions and more jobs available.
Across the Mena region in general, the feelings for respondents’ personal situations at the present time are neutral.
Only 28 per cent claim that their financial situation is better than last year, compared to 65 per cent who state that it has either remained the same or declined.
National economies are considered to be worse than last year, according to 33 per cent of respondents. Consumer behaviour (41 per cent of respondents say that now is a “bad time to buy?) is likely impacting business conditions which are neutral to bad, as stated by 65 per cent.