Any pandemic like Corona hits the economy where it hurts the most: Consumer confidence.
However the good news is:
1) Two biggest global markets, China & India are high in optimism for a rebound soon.
2) In the Arab world, UAE is the most optimistic country followed by KSA. This goes without saying that both these markets are the most important markets in the region and have major impact on the surrounding markets.
The timely initiatives of the governments in UAE & KSA are the driving force behind the positive sentiments and ensuring that residents are well aware of the panadamic.
Source: McKinsey & Company , Ipsos & YouGov
