Three in 10 UAE residents expect their finances to improve in a year’s time – The National

Three in 10 UAE residents expect their finances to improve in a year’s time – The National

A third of respondents are actively reducing their non-essential expenses to deal with the pandemic, YouGov survey finds





























A majority of UAE residents have been actively reducing their non-essential expenses to deal with the financial implications of the coronavirus, according to the results of a YouGov survey. Getty Images





















July 22, 2020



July 22, 2020













One-third of people in the UAE expect their finances to improve in the 12 months after the gradual reopening of the UAE economy in response to the Covid-19 pandemic, according to survey findings by YouGov.



Around 23 per cent of respondents to YouGov's economic recovery tracker survey expect their finances to remain unchanged while a quarter think they will get worse.



The market research firm polled more than 8,000 respondents in the UAE between May 7 and July 2 to analyse the effect of the coronavirus pandemic on residents' finances. At the start of that period, a higher percentage of respondents expected finances to be worse than to improve, but optimism levels have increased as movement restrictions eased.