Financial decision-maker sentiment: UAE

Financial decisions makers in the UAE are optimistic about economic recovery post COVID-19. Almost 70 percent of consumers believe the economy will strengthen in the next 3 months. Roughly 65 percent of consumers are concerned about their job, but only 30 percent expect their financial situation to weaken in the next 3 months. The majority have seen household income, savings, and spending decrease over the past month and express concern over job security. Sentiment towards banks during the crisis is mostly net neutral and consumers would like more flexibility with loan payments and late fees.