Recession fears double to 39% as consumer confidence collapses

YouGov tracks an uninterrupted slide in sentiment, with growth optimism cratering to just 15%.

Consumer sentiment in Singapore weakened steadily between January and April, with recession expectations rising in each successive survey wave, according to YouGov’s Public Sentiment Tracker.

The share of respondents expecting the republic to enter a recession within the next six months rose from 18% in late January to 19% in early February, before climbing further to 28% in March and 39% in April.

Meanwhile, optimism over economic growth continued to decline during the period. Respondents expecting positive growth fell from 28% in January to 25% in February, 19% in March, and 15% in April.

Expectations for economic stability also weakened, declining from 32% in January to 29% in February, 24% in March, and 20% in April.

The proportion of respondents who said they were unsure about the outlook remained relatively stable, ranging between 23% and 28% across the four survey waves.

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