Economic optimism declines in Singapore

Optimism level fell by seven points.

Only three in 10 Singaporeans believe that they and their family will be better off in five years, data from the 2023 Edelman Trust Barometer showed.

Compared to the previous edition of the report, the optimism level of Singaporeans dropped by seven points.

Across the globe, economic optimism has also fallen, with 24 of 28 countries’ optimism levels declining in 2023.

Amongst the personal economic fears of individuals around the globe, including Singaporeans, are job loss and inflation.

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