Riyadh — Saudi Arabia have retained the top position for international confidence in their country’s economic trends during the past four months.
Saudi economy was upbeat and with the most positive economic outlook with a 93 percent rating, up 61 percentage points. The 93 percent is in comparison to the global average of 68 percent, states the Ipsos Global Advisor survey. Ipsos surveyed 27 countries during the June 24 and July 8, 2022 period.
According to the Ipsos Index, Saudi Arabia retained dominance over several major industrial countries. These industrialized countries carried lower confidence ratings.
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The Kingdom stands at number 1 in an index of 27 countries. The confidence rating of 93 percent positions Saudi Arabia well above the global average of 61 points.
A lead of 32 percentage points. Meanwhile, the United States of America, Canada, Britain, France, and Japan finished in the second half of the index, each below the 50 percent mark.
In the survey, Ipsos Index reported that people of different countries responded differently to major economic troubles like inflation, poverty, unemployment, economy, crime, violence, or political corruption.
The report showed Saudis‘ confidence in their country. And they considered most of the above as the least of their concerns.
Ipsos is one of the primary global research agencies. Its report stamps the confidence of the Saudis in the Kingdom’s Vision 2030.
And the reforms it has carried out in the structure of the Saudi economy, investment regulations, Saudi labor market, and legislations supporting these reforms. The survey also gave details on the Saudi war against corruption.
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It is diversifying sources of revenue, creating investment opportunities, and creating job opportunities for both male and female citizens of the Kingdom. The report reflected the quality of life for the citizens, residents, and visitors to Saudi Arabia.
The Ipsos Index concentrated on many critical social and political issues in 27 countries worldwide. The Kingdom came first with 93 percent of Saudis’ confidence in the economic situation, with an advantage of more than 16 points over its nearest competitor, India, which ranked second with 77 percent, and Sweden came third with 57 percent.
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Prominent industrial countries came in the bottom half of the index, under 50 percent. Japan was the worst with only 10 percent. Britain followed it at 23 percent, France at 24 percent, the United States of America at 28 percent, and Canada at 38 percent.
Despite the high inflation affecting all countries, Saudis’ concern on inflation was the lowest globally at 13 percent. In comparison, the understood global concern on the matter was 38 percent.
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The strong confidence in the Kingdom’s economic policies is a continuation of the previous results during the past two years. This confidence rating is reported in the findings of the Edelman Trust Barometer, powered by Edelman Data & Intelligence.
Saudi Arabia has retained its top spot in an index of 28 countries. The rise reflects the confidence the people have in the Kingdom’s government.