Launch of the conference board global CCI survey for the Gulf region – 2020 Q2 – ZAWYA

Launch of the conference board global CCI survey for the Gulf region – 2020 Q2 – ZAWYA

Launch of the conference board global CCI survey for the Gulf region - 2020 Q2 The Gulf Region face the headwinds of "the perfect storm"    The Conference Board Gulf Center for Economics and Business Research launched The Conference Board® Global Consumer Confidence Index  for the Gulf region in 2020 Q2 in collaboration with Nielsen. It was conducted in May 2020 and polled more than 33,000 online consumers in 68 markets throughout Asia-Pacific, Europe, Latin America, Africa and the Middle East, and North America. The Conference Board® Global Consumer Confidence Index previously included Saudi Arabia and the United Arab Emirates only as part of Africa and the Middle East region. With the addition of the four countries in May 2020: Bahrain, Kuwait, Oman and Qatar, together with Saudi Arabia and the United Arab Emirates, the results of those six countries now constitute a new aggregate for the Gulf region.In 2020 Q2, The Conference Board® Global Consumer Confidence Index fell sharply from a near historic high of 106 in 2020 Q1 to 92, indicating there were more pessimistic consumers than optimistic ones globally for the first time since 2016 (a reading below 100 is considered negative), while the Gulf region confidence index stood at 104, the highest of any global region, despite