While residents of Singapore are the least worried about contracting Covid-19 compared with people from five other South-East Asian countries, they are also the most pessimistic about an economic recovery, according to a research survey.
The findings released on Friday showed that more than half of 500 Singapore residents indicated they are less confident about their job security compared with three months earlier – the highest observed when compared with respondents from Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
Only 27% of Singapore residents are expecting the economy to improve in the next six months, market research firm Ipsos said.
Ipsos conducted the online survey from Sept 18 to 22, asking respondents questions related to the Covid-19 pandemic.
They included how residents of the six South-East Asian countries have adapted to Covid-19 restrictions, as well as their household income and spending patterns.
Five hundred people aged 18 and above were surveyed from each of the countries.
On contracting the coronavirus, 73% of Singapore respondents said they are either “very worried” or “somewhat worried” of contracting it.
The countries most worried were the Philippines (95%), and Vietnam and Malaysia (both 93%).
But 56% of Singapore respondents said they are “less confident” about job security for themselves, their families, or other people they know personally, compared to three months earlier.
This is the highest among the countries surveyed, which averaged at 49%.
When it came to economic recovery in the next six months, residents of Indonesia are the most optimistic, with 75% saying the economy will be “somewhat stronger” or “much stronger”.
The figure was 51% for Vietnam and 50% for the Philippines, and only 27% for Singapore.
When asked what the priority for the government in the next six months should be, 32% of Singapore residents said “protecting jobs”.
This is more than the other South-East Asian countries such as Malaysia (20%) or Indonesia (13%). — The Straits Times/ANN
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