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Overwhelmed by inflation? 68% of Chinese people think Malaysia is in recession
According to the survey results of the global market research company Ipsos (Ipsos), up to 68% of Chinese people believe that the Malaysian economy is falling into recession. What is even more worrisome is that 32% of respondents believe that the cost of living crisis in Malaysia is more serious than in other countries.
Ipsos today released “How do Malaysians view current inflation and economic conditions?” Inflation monitoring report.
According to the report, out of 10 Malaysians, only 2 (21%) think they are doing well, 53% think life is just going well, and 24% think life is very difficult. This ratio is far below the 40% mark in Singapore and Indonesia.
Despite the current negative economic sentiment, around 45% of Malaysians still believe that inflation will return to normal levels between 2024 and 2025. However, compared to the more optimistic expectations of Indonesians, Malaysians are still cautious about their outlook for the future.
The report is the result of a survey of more than 500 Malaysian adults aged 18 and over, and 20,801 online adults under 75 in 33 countries or regions from March 22 to April 5 this year.
Compared to Malaysia, other Southeast Asian respondents were more optimistic about the country's economic situation.
There is a clear difference between the views of Malaysians on the country's economy and economic data, so people need to get more clear and accurate information on a regular basis to ease their concerns about their own and the country's financial situation.
Seen from another perspective, although the composite index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$And...
According to the survey results of the global market research company Ipsos (Ipsos), up to 68% of Chinese people believe that the Malaysian economy is falling into recession. What is even more worrisome is that 32% of respondents believe that the cost of living crisis in Malaysia is more serious than in other countries.
Ipsos today released “How do Malaysians view current inflation and economic conditions?” Inflation monitoring report.
According to the report, out of 10 Malaysians, only 2 (21%) think they are doing well, 53% think life is just going well, and 24% think life is very difficult. This ratio is far below the 40% mark in Singapore and Indonesia.
Despite the current negative economic sentiment, around 45% of Malaysians still believe that inflation will return to normal levels between 2024 and 2025. However, compared to the more optimistic expectations of Indonesians, Malaysians are still cautious about their outlook for the future.
The report is the result of a survey of more than 500 Malaysian adults aged 18 and over, and 20,801 online adults under 75 in 33 countries or regions from March 22 to April 5 this year.
Compared to Malaysia, other Southeast Asian respondents were more optimistic about the country's economic situation.
There is a clear difference between the views of Malaysians on the country's economy and economic data, so people need to get more clear and accurate information on a regular basis to ease their concerns about their own and the country's financial situation.
Seen from another perspective, although the composite index $FTSE Bursa Malaysia KLCI Index(.KLSE.MY$And...
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