Indonesian consumers are more optimistic than consumers in developed countries.

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Vika Azkiya Dihni 25/08/2022 16:10 WIB

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A survey by McKinsey, a global management consulting firm based in the United States, shows that Indonesian society has high confidence in an improving economic condition, following...

Consumer Perceptions of Post-Pandemic Economic Recovery (March 2022)

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Consumer Perceptions of Post-Pandemic Economic Recovery (March 2022)

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According to a McKinsey survey, Indonesian society generally has high confidence in the recovery of the economy from the downturn caused by the Covid-19 pandemic.

The survey found that 68% of Indonesian consumer respondents were optimistic that the economy would improve within 2-3 months.

Then, 29% of Indonesian respondents felt that the economy would improve in 6-12 months or more, stagnate, or slow down.

Meanwhile, 3% of other Indonesian respondents felt pessimistic and believed that a long-term recession would occur.

The level of optimism among Indonesian consumers is much higher than that of consumers in several developed countries surveyed, as shown in the graph.

Indonesia's optimism is only surpassed by India, which has an optimism level of 75%.

This survey also revealed that 55% of Indonesian consumers intend to engage in discretionary spending in 2022, including dining out, buying clothes, and traveling. This is particularly evident among younger and higher-income respondents.

This survey was conducted by McKinsey from March 16-26, 2022. The survey was conducted to gauge Indonesian consumer sentiment towards economic recovery post-Covid-19 pandemic.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesian consumers are more optimistic than consumers in developed countries.

Indonesian consumers are more optimistic than consumers in developed countries.

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Indonesian consumers are more optimistic than consumers in developed countries.

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