Malaysians' confidence in economy at all-time low, says international study

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Kuala Lumpur: Only 35 per cent of Malaysians polled said that they and their family would be economically better off in five years' time, said a yearly study conducted by global communications firm Edelman late last year.

The 2023 Edelman Trust Barometer released during the World Economic Forum last week pointed out that Malaysians' trust in the economy dropped by 20 percentage points since the 2022 edition, and it was currently at an all-time low for the nation. "This year’s report finds that economic optimism has collapsed globally , with half of the countries surveyed showing a year-over-year double-digit decline in the belief that their families will be better off in five years’ time.

Malaysia was also the most pessimistic among the developing countries polled. The top three nations with the most trust from locals in their economy were Kenya , Indonesia and India .Meanwhile, the lowest three were Japan , France and Germany . The fieldwork for 2023 Edelman Trust Barometer was conducted between November 1 and 28 last year with an average of 1,150 respondents for the online survey from each of the 28 countries studied.

 

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