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Discussion :: International - Latest Current Affairs (Q.No.1127)

1127. 

Which country tops in the Confidence Board Global Consumer Confidence Survey?

[A]. India
[B]. South Korea
[C]. Indonesia
[D]. Philippines

Answer: Option A

Explanation:

India ranked first in the Confidence Board Global Consumer Confidence Survey which was conducted in collaboration with a global performance management company Nielsen Holdings. India maintained its 1st position from 3rd quarter and in the 4th quarter of 2018 India's Consumer Confidence Index (CCI) score is 133. South Korea has the most pessimistic consumer who are worried about rising inflation, lower wage growth, unemployment, a weak stock market and global trade uncertainties in the world. CCI Confidence Board measured optimism towards job prospects, health of personal finances and spending intentions in the next 12 months for the survey. The Global Consumer Confidence Index became highest in 14 years by increasing one point to 107 in 4th quarter of 2018. The increase in confidence is a positive sign for economic and business growth in 2019.

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