Monday, 19 December 2011

36% in UAE saw financial situation worsen in 2011 - Emirates 24/7

According to a recent consumer confidence index survey conducted by Bayt.com and YouGov, just 20 per cent of UAE respondents believe their current situation has improved from last year, but 43 per cent are optimistic their financial status will improve in the coming year.


Thirty-eight per cent respondents in the UAE say their (and family’s) current financial situation is the same while 36 per cent say it is worse than last year. Only one-fifth claim to have seen their finances improve in the same period.


About 66 per cent say the country's economy is the same, 34 per cent say it has declined than it was 12 months ago.

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