Asian consumers more cautious as global recessionary risk looms

PETALING JAYA: Post Covid-19 pandemic and the looming global recessionary risk have made Asian consumers more cautious than ever, according to global trend forecasting company WGSN.

The company’s senior consultant of Asia-Pacific Jess Tang said, for example, “Thrifty Indulgers” would look for creative solutions that allow them to retain a sense of lifestyle, and enjoy little moments and things that bring them joy.