Saudi Arabia and the UAE are slowly taking over the arab world with their futururistic innovations and technology. And now, as per the reports by Ipsos, Saudi and UAE have topped the list for the strongest economy globally. Read on to know more.
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The Primary Consumer Sentiment Index (PCSI), conducted in collaboration with Thomson Reuters, mesaures various aspects while mapping the economy of the countries. Key points include- current and future state of the local economy, personal financial situations of consumers, their ability to save and a lot more. UAE, along with 25 other countries is a part of this survey since 2022. And now, as per the reports, UAE has bagged the second position gloablly with 63 per cent of its consumers believing it to be a strong economy.
The kingdom of Saudi Arabia has bagged the top spot with 96 percent of consumers consider the economy to be strong. In fact, 95 per cent of UAE consumers beleive the the Gulf country is moving in the right direction, which is a 1 per cent increase since February 2023. And 44 per cent UAE consumers believe their financial status is strong, and are optimistic about their financial situation.
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However, when it comes to jobs and unemployement, that is the top concern for UAE consumers, and 42 per cent have listed it as their main worry. In terms of investment, as per the reports, 81 per cent people are comfortable with investing in the future.
Besides, 86 per cent of consumers expect the local economy to be strong than it is at present.
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