: Inflation and poverty have eclipsed the pandemic as the main things Malaysians worry about.
Compared with most major economies in Asia and the West, significantly fewer Malaysians would say they are living comfortably these days, Ipsos Malaysia said in a release today. Based on a survey conducted in 28 countries via the Ipsos Online Panel system, it is found that there is steady improvement in consumer purchase intent for household or major purchases from July 2021, but that seems to be reversing.If the new economic situation makes it necessary, Malaysians will cut their spending on socialising and holidays, and are prepared to delay larger purchases, rather than cutting the budget for necessities. This mirrors the global sentiment, Ipsos Malaysia said.
“Widely expected increase in interest rates is preparing four out of 10 Malaysians for lower disposable income in the near future, resulting in a fall in their standard of living.
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