56% of Vietnamese polled expected the economy to remain stable for 2021, with only 24% polled expecting a recession, making Vietnam the least pessimistic country, based on a survey conducted by YouGov, an international research data and analytics group.

Economy Outlook Survey (C) YouGov

In the survey released on 15 July 2020, 27,000 people in 26 countries were asked about their economic situation and outlook. ASEAN countries included in this survey included Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

Household financial situation was more severe in the Philippines (51%), Thailand (47%), and Indonesia (44%).

In terms of employment, losing jobs was the most common in Thailand and Mexico, where 17% of polled were made redundant. On the other spectrum,  Singaporean workers were least likely to be retrenched. Reduction in working hours was highest in Vietnam (42%), followed by the Philippines and India (both 32%). 

World Economic Outlook Presentation – June 2020 Update

Across the five concerns (paying rent/mortgage; banks failing; paying bills; local business losing money, and global recession)

Indonesians were consistently the most worried. Filipinos came close to the top of each list.

To view the full survey report by YouGov, visit https://yougov.co.uk/topics/economy/articles-reports/2020/07/14/people-worldwide-are-braced-recession-according-yo

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