Saudi Arabia ranks global 2nd in consumer confidence
RIYADH, 2 hours, 49 minutes ago Saudi Arabia has ranked second world-wide in the Consumer Confidence Index for March 2021, which measures the current and future status of 23 global markets, a media report said. The Kingdom scored 61.4 points in the Ipsos consumer confidence index, i. e, 15.7 points higher than the global average of 45.7 points, coming after China, which topped the list for months, and ahead of the world s major markets of Sweden, India, Australia, the US, Germany, Britain, Canada, Belgium and France, reported Saudi Press Agency (SPA). The survey measures four basic indicators: trends in the local economy, investment environment in the country, personal financial capabilities of consumers and general job security.
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SA business and consumer confidence to be driven by the commodities super cycle
By Opinion
By Ryk de Klerk
Despite recovering from the heavy lockdown due to the outbreak of Covid-19 last year, consumer and business confidence, the main pillars of economic prosperity, remain in the doldrums. Things are about to get better soon, though.
The next commodity super cycle is already solidly under way and is set to gain further impetus as major economies are about to throw off the shackles of the coronavirus. It must have a major positive impact on South Africa’s economy.
The current global economic upturn will not only be a return to normality, but instead of a boom/bust scenario, the duration of the upturn could exceed expectations.