Consumer optimism in the GCC hits new high
Wednesday, 12 18 2019, Category: Economy, Country: Gulf Cooperation Council
A vast majority of consumers who took part in a survey in the GCC region are optimistic about their economic futures.
The study by the Boston Consulting Group (BCG) has found that 90 per cent of respondents in the survey are upbeat about the overall economic outlook with more than a quarter (27 per cent) planning to increase expenditure on products and services in the next 12 months.
GCC countries are represented in the top quartile of average income per capita globally. Moreover, the region is home to a young, fast-growing, and digitally savvy population.