1、2 ECONOMIC AND SPENDING SENTIMENT REPORT 2024 3CONTENTS04 Introduction07 Executive Summary SECTION 1 Economic sentimentsNavigating the global economy amidst uncertainty:Insights from Asia Pacific SECTION 2 Key drivers of Asias optimism Cost of living concerns 24Political sentiment and its impact on
2、economic growth and stability 26SECTION 3 Spending sentimentsOverview of spending sentiments Breaking down the spending priorities 34Tier Details 36Tier 1 38 Tier 2 40 Tier 3 44SPOTLIGHT The affluent segment54 Conclusion56 Methodology56 Acknowledgements57 About MDRi081830464 Welcome to our Economic
3、and Spending Sentiment Report,a comprehensive exploration of Asias economic sentiment.The findings of the report are underpinned by a recent survey conducted by MDRi in February 2024.The survey encompassed a sample size of 3,000 respondents,offering quantitative and qualitative insights into the eco
4、nomic sentiments of six pivotal Asia Pacific markets:Hong Kong,Singapore,Malaysia,Thailand,Vietnam,and Indonesia.The report investigates the optimism,political dynamics,and changing consumer behaviours that characterise this diverse region.We examine the contrasting economic growth across Asia.While
5、 Indonesia and Vietnam are experiencing strong economic growth,Hong Kong is grappling with the lingering effects of a slow rebound.Despite these differences,sentiment from affluent consumers across the region remains steadfast,fuelled by robust growth,technological advancements and a deep-rooted con
6、fidence in the global marketplace.Beyond the progress,we confront the realities of increasing living costs.Singapore bears the weight of soaring inflation rates,while neighbouring nations such as Vietnam,Indonesia,Malaysia,Hong Kong,and Thailand are navigating their own challenges.The impact of thes