Stable economy hope

PUBLISHED : Monday, 02 January, 1995, 12:00am
UPDATED : Monday, 02 January, 1995, 12:00am

MOST people expect the economy to remain stable this year, according to a poll.

An Asian Commercial Research poll, commissioned by the South China Morning Post, found 44.9 per cent of the 400 respondents thought the economy would be the same as last year.

Twenty-six per cent believed this year's economy would be worse and 20.4 per cent expected improvements.

When comparing 1994 and 1993, nearly half of the respondents, 45.6 per cent, found the economy to be the same, 31.8 per cent said it was worse and 20.4 per cent said it was better.

As for their personal financial position, 41 per cent expected to be financially better off in 1995 while only 23 per cent thought the other way round. Thirty per cent expected no change.

Managing director of the research firm David Bottomley said the more optimistic outlook about people's finances in 1995 was reflected in their anticipation of higher Christmas and New Year spending.

Forty-one per cent of the respondents expected their spending between mid-December and mid-February to go up.