Survey reveals drop in consumer confidence.
The study found that 44% of respondents in Jordan feel their financial position is worse than last year, as opposed to just 18% who said it was better.
Overall, 35% of the regions respondents said their financial position was the same, and just over a quarter, 27%, said it has gotten better,.
Among the countries surveyed, personal financial positions improved most in Qatar and KSA, where 34% and 29% respectively of respondents in each country said they were doing better than last year,.
Other countries in the Gulf largely varied as to the percentage of respondents who felt their personal financial position had improved: 24% of respondents in Kuwait and the UAE said their financial position was better as did 25% in Oman,.
In Bahrain, just 15% of respondents said their financial position had improved since last year.
In addition to financial position, respondents were asked about their level of optimism towards the future,.
On the whole, respondents are expecting to be in a better financial position next year,.
Overall, 48% of the respondents surveyed believe that their personal financial position will be better next year. By contrast, just 8% of the regions respondents believe that their financial position will become worse,.
Most optimistic that their personal financial position will be better a year from now are respondents in Qatar (53%) followed by Kuwait and Lebanon, where 51% each said things would be better, and Oman and Egypt, where 48% in each country said their personal financial position will be better a year from now,.
In Jordan, 42% of respondents believe that their financial position will be better in a years time and just 12% of respondents in Jordan believe their financial position will get worse.
The respondents also remain largely optimistic that their countrys economy will be better in a years time,.
Overall, 36% said that their countrys economy will be better, 21% said it will remain the same, and 24% said it will become worse,.
Currently, respondents in Oman, Kuwait and Qatar are the most positive about the expected improvements in their countrys economy, with 51%, 50% and 48%, respectively, stating things will be better,.
Respondents in Jordan were most pessimistic about their countrys economy a year from now: 32% said that it will become worse.
Asked whether they would invest in property, the respondents largely agree that they will not,.
The trend continues from the previous quarter with a majority of respondents (62%) stating they are not interested in making any investment in property,.
Within Jordan, 75% say they will not be buying any property,.
Of those wishing to purchase a property, 61% say they are likely to opt for a new property,.
When asked whether they believe more jobs will be available in a years time, respondents were roughly divided: 27% said more will be available, 28% said the job situation will remain the same and 30% said the availability of jobs would be worse,.
In Jordan, 17% of respondents believe the availability of jobs will get better, while 37% of respondents believe the availability of jobs will become worse,.
In terms of salaries and whether they have kept pace with the cost of living, as in the previous wave, the majority feel that they have not kept pace with the cost of living, with 62% agreeing that there is a disparity, while just 19% agreed that they have increased in line with the cost of living, and 5% said they have increased more than the cost of living,.
Data for this survey was collected online between 24 May and 13 June, 2010 with 6,211 respondents from Jordan, UAE, KSA, Qatar, Oman, Kuwait, Bahrain, Syria, Lebanon, Egypt, Morocco, Tunisia, Algeria and Pakistan,.
Males and females aged over 18 years old, of all nationalities, were included in the survey.
2009 Jordan Press & publishing Co. All rights reserved.
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|Publication:||The Star (Amman, Jordan)|
|Date:||Oct 4, 2010|
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