Two-thirds of Singapore consumers expect an economic downturn over the next year: Survey

Slightly more than a quarter of Singaporeans polled had to set aside more money for everyday expenses. - PHOTO: ST FILE

SINGAPORE: Some 68 per cent of Singapore consumers foresee an economic downturn over the next six to 12 months, according to a survey released on Monday by UOB.

This is almost as high as the 70 per cent in UOB’s 2022 survey, showing that Singaporeans’ gloomy outlook remains relatively unchanged from last year.