Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020

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Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Jordan Consumer Sentiment Index (Q2)
                                                                                    Jordan
                                                                                  August, 2020

      Data Collected in June 2020
© 2020 Ipsos. All rights reserved. Contains Ipsos' Confidential and Proprietary information and may not be disclosed or reproduced without the prior written consent of Ipsos.
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Introducing the Jordan Consumer Sentiment Index

    Ipsos’s Jordan Consumer Sentiment Index (JCSI), is a quarterly
    national survey of consumer attitudes on the current and future
    state of the local economy, personal financial situation, as well
    as confidence to make large investments and ability to save.

    Consumer sentiment is a key predictor of purchase trends in the
    market. Despite it being a lagging indicator, if consumer
    sentiment is high, people will make more purchases and the
    economy will expand.

    Businesses and Policy Makers can monitor changes in the index
    to factor the data in their decision-making processes. A wave-on-
    wave decreasing trend suggests consumers have a negative
    outlook on their ability to spend. Thus, manufacturers may
    expect consumers to avoid retail purchases, particularly items
    that require financing. Likewise, banks can anticipate a decrease
    in lending activity, mortgage applications, and credit card usage.

2
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Introducing the Jordan Consumer Sentiment Index

      The quarterly             JCSI Current Personal Financial Conditions
       JCSI result is
      driven by the             JCSI Economic Expectations                    Overall Jordan
     aggregation of                                                             Consumer
                                JCSI Investment Climate                      Sentiment Index
    four, weighted,
        sub-Indices             JCSI Employment Confidence

3
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Overall JCSI Survey Questions

    1. Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today
        and 1 means a very weak economy.
    2. Looking ahead six months from now, do you expect the economy in your local area to be much stronger, somewhat stronger,
        about the same, somewhat weaker, or much weaker than it is now?
    3. Rate your current financial situation, using a scale from 1 to 7, where 7 means your personal financial situation is very strong
        today and 1 means it is very weak.
    4. Looking ahead six months from now, do you expect your personal financial situation to be much stronger, somewhat stronger,
        about the same, somewhat weaker, or much weaker than it is now?
    5. Compared to 6 months ago, are you NOW more or less comfortable making a major purchase, like a home or car?
    6. Compared to 6 months ago, are you NOW more or less comfortable making other household purchases?
    7. Compared to 6 months ago, are you NOW more or less confident about job security for yourself, your family and other people
        you know personally?
    8. Compared to 6 months ago, are you NOW more or less confident of your ability to invest in the future, including your ability to
        save money for your retirement or your children’s education?
    9. Thinking of the last 6 months, have you, someone in your family or someone else you know personally lost their job as a result
        of economic conditions?
    10. Now look ahead at the next six months. How likely is it that you, someone in your family or someone else you know personally
        will lose their job in the next six months as a result of economic conditions?

4
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Demographics

5
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Demographics

       Gender                       Age                Regions                     Socioeconomic
                                                                                   Class*
                                                         Amman             39.0%
                                                            Irbid      20.0%
              51.0%               18 - 24    23.0%
                                                           Zarqa      14.0%            A         B        C           DE

                                                           Balqa    6.0%
                Males              25-34      25.0%
                                                      Al Mafraq     5.0%
                                                           Kerak                                      8.1%
                                                                    4.0%
                                   35-44     21.0%        Jerash    3.0%                                      20.5%
                                                                                        45.9%
                                                         Madaba     2.0%
               49.0%               45-54    16.0%         Aqaba     2.0%
                                                                                                        24.0%
                                                          Ma'an     2.0%
               Females              55 +    15.0%         Ajloun    2.0%
                                                      Al Tafielah   1.0%                        *Based on Household Income
                                                                                   *Excluding Don’t Know/ Refused To Answer

6   Data Collected in June 2020
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Jordan Consumer Sentiment Index
           Q2, 2020 Summary

7
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
Ipsos’ Jordanian Consumer Sentiment Index Reaches its Lowest Levels
                               in the Second Quarter of 2020
       Reviving the Economy and Protecting Livelihoods tops Jordanians’ List of Priorities
               as Concern Regarding the Containment of the Pandemic Subsides

    The preemptive measures imposed by the government at the beginning of the crisis played a crucial role in safeguarding
    public health, however, the strict lockdown measures further heightened financial pressures that were already facing
    Jordanians prior to the crisis. Subsequently, the gradual reopening of economic activity did not bring about reassurance
    regarding the state of the economy, but rather, as people resumed work and tried to acclimate to the new
    “Normal”, the economic impact of the previous months was clearly felt. In fact, 3 in 5 Jordanians believe that the state
    of the economy is weak – a considerable drop when compared to last quarter. Uncertainty regarding the country’s
    economic future has led to a 5-point decrease in the Jordanian Consumer Sentiment Index (JCSI) for this quarter.

    As the pandemic continues to wreak havoc worldwide, bleak sentiments towards the future were mirrored across most
    of the countries included in the survey. Globally, confidence towards job security was amongst the most impacted
    indices, with Jordanians exhibiting similar sentiments. While the government imposed various measures that aim to
    protect the national economy, maintain job security and limit the damages sustained as a result of the crisis, the vast
    majority of Jordanians have witnessed firsthand the heat of diminishing job security. In fact, 7 in 10 mentioned that
    they themselves or someone they knew have lost their livelihood as a result of the economic crisis and 1 in 2 of those
    employed witnessing a reduction in pay. With uncertainty surrounding their livelihoods, Jordanians’ confidence in their
    ability to spend or invest in their future has plummeted even further.

    With the number of cases subsiding towards the end of the second quarter and the country experiencing a temporary
    period of calm, Jordanians no longer felt the looming threat of the pandemic, with the majority believing that the
    pandemic will be short-lived. However, amidst the rising number of cases, striking a balance between protecting
    Jordanians’ lives and their livelihoods will continue to be the governments biggest challenge in the months to come,
    with the results of this quarter’s index clearly showing that Jordanians are in favor of reviving the economy as opposed
    to reverting back to strict lockdown measures.
8
Jordan Consumer Sentiment Index (Q2) - Jordan August, 2020
JCSI Q2 Summary
                                 Country Economic Situation                                           Top 3 Concerns For Jordanians
                               Q: Rate the current state of the economy in your local area using a
                               scale from 1 to 7, where 7 means a very strong economy today and 1
                               means a very weak economy.
                                                                                                               55.3%
                                      23.7%                          Strong                                    High Cost of Living
                     Versus
    JCSI, Q2 2020
                                                                     Neither Strong Nor Weak
                    Previous                         56.2%           Weak
                     Wave
                                     20.1%

    30.4            35.4         Personal Financial Situation
                               Q: Rate your current financial situation, using a scale from 1 to 7,
                               where 7 means your personal financial situation is very strong today
                                                                                                               49.7%
                                                                                                               Unemployment

                               and 1 means it is very weak.

                                                                                                               38.4%
                                                                      Strong                                   Poverty & Social
                                                      67.7%
                                   20.7%                              Neither Strong Nor Weak
                                                                                                               Inequality
                                                                      Weak

                                       11.6%

9
Country’s General Situation

10
Current Economic Situation
                                                   Trending                                                                           “
     Q: Now, thinking about our economic situation, how would you describe the current economic situation in Jordan?

                                                                      Positive                            Negative

                                                                                                                                                    64.8%

                                                                                                                                                    35.2%

                 Q2         Q3        Q4          Q1        Q3         Q2         Q3        Q4         Q1         Q2    Q3      Q4         Q1     Q2
                2016        2016      2016       2017       2017      2018       2018      2018        2019      2019   2019   2019       2020   2020

11
Current Economic Situation
                                                 Global Comparison
     Q: Now, thinking about our economic situation, how would you describe the current economic situation in Jordan?                         Compared to the Positive
                                                                                                                                                Results of Q1,20
                                                                              Positive        Negative
              Saudi Arabia           94%                                                        6%                                                       +1%
                     China                 83%                                                        17%                                                -3%
                 Germany                                   51%                                                         49%                              -20%
                  Sweden                                   50%                                                         50%                               -5%
                      India                                    43%                                                         57%                          -16%
                 Australia                                       38%                                                         62%                         -9%
                   Jordan                                          35%                                                         65%                      -21%
                    Poland                                          33%                                                         67%                     -21%
                    Turkey                                           31%                                                         69%                     -7%
                   Canada                                             29%                                                         71%                   -20%
                       USA                                            29%                                                         71%                   -29%
                  Belgium                                              26%                                                         74%                  -16%
                  Hungary                                                22%                                                         78%                -16%
                    Russia                                               22%                                                         78%                 -6%
                   Mexico                                                 21%                                                         79%                 0%
              Great Britain                                                18%                                                         82%              -35%
                    France                                                  17%                                                         83%             -11%
              South Korea                                                   17%                                                         83%              +5%
                Argentina                                                    14%                                                         86%             +5%
                       Italy                                                 14%                                                         86%             +1%
                     Brazil                                                   13%                                                         87%           -16%
              South Africa                                                    13%                                                         87%            +3%
                     Japan                                                       9%                                                         91%          -7%
                     Spain                                                       9%                                                         91%         -17%
12
Jordanians’ Top Concerns
     Q: Which of these are your top three biggest concerns as a Jordanian citizen, whether they are economic, social or political?

                                                                                                                                             Compared to Q1,20

          High Cost of Living/Inflation                                                                                              55.3%         +2%

          Unemployment                                                                                                       49.7%                  0%

          Poverty & Social Inequality                                                                             38.4%                            +1%

          Corruption                                                                                      31.2%                                    +1%

          Weak Economy                                                                              25.4%                                          +4%

          Taxes                                                                               19.5%                                                +2%

          Healthcare                                                                        17.5%                                                  +1%

          Education                                                                         17.4%                                                  +2%

          Moral Decline                                                                   14.1%                                                     0%

          Crime & Violence                                                         8.9%                                                            +1%

          National Security                                                    5.3%                                                                -1%

          Political Instability                                              3.8%                                                                  +1%

          Immigration                                                       3.2%                                                                   -1%

          Scarcity of Natural Resources                                     3.1%                                                                   -2%

          Environment                                                       3.0%                                                                    0%
13
Sentiments Towards the Current Government

14
Confidence in the Government’s Role
     Q: How confident are you on a scale of 1 to 10, where 1 is not confident at all and 10 is extremely confident, with
     the government’s overall ability to improve the situation in Jordan?

     100%                               Confident (Top Three Box Score)                Neutral             Not Confident (Bottom Three Box Score)
      90%

      80%

      70%

      60%
                                                                                                                                                    45.1%
      50%

      40%

      30%                                                                                                                                           30.3%

      20%

      10%
                                                                                                                                                    24.6%
       0%
                    Q3                Q4                 Q1                Q2                 Q3                Q4             Q1             Q2
                   2018              2018               2019              2019               2019              2019           2020            2020

15
Personal Financial Situation

16
Current Personal Financial Situation
     Q: Rate your current financial situation, using a scale from 1 to 7, where 7 means your personal financial situation is very strong today and 1 means it is very weak.

                                                    Strong (Top 3 Score)          Neither Strong Nor Weak             Weak (Bottom 3 Score)
       100%

        90%

        80%

        70%

        60%                                                                                                                                                        67.7%
        50%

        40%
                                                                                                                                                                   20.7%
        30%

        20%

        10%                                                                                                                                                        11.6%

         0%
                  Q2         Q3         Q4         Q1         Q3        Q2         Q3         Q4         Q1        Q2         Q3         Q4         Q1        Q2
                 2016       2016       2016       2017       2017      2018       2018       2018       2019      2019       2019       2019       2020       2020

17
Future Personal Financial Situation
     Q. Looking ahead six months from now, do you expect your personal financial situation to be much stronger, somewhat stronger, about the same,
     somewhat weaker, or much weaker that it is now?

                                                       Stronger           About the Same             Weaker
      100%

        90%

        80%

        70%

        60%                                                                                                                                          45.3%

        50%

        40%                                                                                                                                          31.7%

        30%

        20%                                                                                                                                          22.9%
        10%

         0%
                 Q2        Q3        Q4        Q1       Q3         Q2       Q3        Q4       Q1        Q2        Q3       Q4        Q1        Q2
                2016      2016      2016      2017      2017      2018     2018      2018     2019      2019      2019      2019      2020      2020

18
Jordan’s Economic Situation

19
Current State of the Economy
     Q: Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong
     economy today and 1 means a very weak economy.

      100%                                   Strong (Top 3 Score)       Neither Strong Nor Weak        Weak (Bottom 3 Score)

       90%
       80%
       70%
                                                                                                                                          56.2%
       60%
       50%
       40%                                                                                                                                23.7%
       30%
       20%
                                                                                                                                          20.1%
       10%
        0%
                Q2        Q3        Q4        Q1        Q3       Q2        Q3        Q4        Q1       Q2        Q3       Q4    Q1     Q2
               2016      2016      2016      2017      2017     2018      2018      2018      2019     2019      2019     2019   2020   2020

20
Current State of the Economy
                                                     Global Comparison
     Q: Now Rate the current state of the economy in your local area using a scale from 1 to 7, where 7 means a very strong economy today and 1 means a very weak economy.
                                                                                                                                                      Compared to the Positive
                                 Positive Outlook (Top 3 Box Score)         Neutral Outlook          Negative Outlook (Bottom 3 Box Score)                 Results of Q1,20
          Saudi Arabia                                               73%                                                                        8%          +1%
                 China                                             72%                                                                     12%              0%
              Sweden                               46%                                                                               22%                   -3%
                 India                 32%                                                                                   33%                          -12%
             Australia                 32%                                                                                38%                              -3%
                  USA                 31%                                                                                41%                              -23%
             Germany                  30%                                                                                  36%                            -19%
                Turkey               28%                                                                         54%                                        0%
               Poland               26%                                                                                 41%                               -13%
               Canada              25%                                                                                  42%                               -16%
               Mexico             22%                                                                            52%                                        0%
               Jordan            20%                                                                           56%                                        -10%
              Belgium           20%                                                                                49%                                    -14%
          Great Britain         20%                                                                               50%                                     -19%
          South Korea           20%                                                                              53%                                       +3%
                 Brazil         20%                                                                              52%                                       -8%
              Hungary           19%                                                                                 47%                                   -12%
                France          19%                                                                                49%                                     -9%
                Russia         18%                                                                            58%                                          -1%
                  Italy        18%                                                                             56%                                          0%
                 Spain        15%                                                                             58%                                          -7%
             Argentina       13%                                                                        68%                                                +2%
          South Africa      11%                                                                               60%                                          -3%
                 Japan    5%                                                                          71%                                                  -4%
21
Future State of the Economy
     Q: Looking ahead six months from now, do you expect the economy in your local area to be stronger, somewhat stronger, about the same, somewhat weaker, or much
     weaker than it is now?
                                                           Stronger            About The Same             Weaker
      100%

       90%

       80%

       70%

       60%

       50%                                                                                                                                          43.6%

       40%

       30%                                                                                                                                          28.5%
       20%

       10%                                                                                                                                          28.0%
        0%
                Q2        Q3        Q4        Q1        Q3        Q2       Q3        Q4        Q1        Q2        Q3       Q4         Q1       Q2
               2016      2016      2016      2017      2017      2018     2018      2018      2019      2019      2019     2019       2020      2020

22
Employment

23
Job Security
     Q. Compared to 6 months ago, are you now more or less confident about job security for yourself, your family and other people you know personally?

                                                                     More Confident             Less Confident

                                                                                                                                                             77.9%

                                                                                                                                                            22.1%

                  Q2         Q3        Q4        Q1         Q3        Q2        Q3        Q4        Q1        Q2         Q3        Q4        Q1           Q2
                 2016       2016      2016      2017       2017      2018      2018      2018      2019      2019       2019      2019       2020         2020

24
Job Security
                                                  Global Comparison
     Q. Compared to 6 months ago, are you now more or less confident about job security for yourself, your family and other people you know personally?

                                                                                                                                                  Compared to More
                                                                            More Confident         Less Confident                              Confident Results of Q1,20
                China                       75%                                                             25%                                            0%
         Saudi Arabia                                 58%                                                             42%                                 -12%
            Germany                                             40%                                                              60%                      -14%
                 India                                           37%                                                              63%                     -18%
                  USA                                             36%                                                              64%                    -21%
             Sweden                                                34%                                                              66%                   -22%
            Australia                                               31%                                                              69%                   -8%
               France                                                30%                                                              70%                  -3%
              Canada                                                  28%                                                              72%                -21%
             Belgium                                                  28%                                                              72%                -12%
                  Italy                                                27%                                                              73%                -2%
              Mexico                                                    25%                                                              75%              -16%
         Great Britain                                                  25%                                                              75%              -23%
           Argentina                                                    24%                                                              76%              -12%
               Turkey                                                    23%                                                              77%             -11%
               Jordan                                                    22%                                                              78%              -7%
              Russia                                                     22%                                                              78%             -10%
              Poland                                                      21%                                                              79%            -29%
               Brazil                                                     21%                                                              79%            -24%
         South Africa                                                     21%                                                              79%            -13%
         South Korea                                                        18%                                                              82%           -2%
            Hungary                                                         18%                                                              82%          -18%
               Spain                                                        18%                                                              82%          -23%
               Japan                                                              11%                                                              89%     -7%
25
Job Losses in the Past Six Months
     Q. Thinking about the last 6 months, have you, someone in your family or someone else you know personally lost their job as a result of economic conditions?

                                                                       Yes                    No

                                                                                                                                                             70.9%

                                                                                                                                                              29.1%

                 Q2         Q3        Q4         Q1         Q3        Q2        Q3        Q4         Q1        Q2         Q3        Q4        Q1         Q2
                2016       2016      2016       2017       2017      2018      2018      2018       2019      2019       2019      2019       2020       2020

26
Job Losses in the Next Six Months
     Q. Looking ahead at the next six months, how likely is it that you, someone in your family or someone else you know personally will lose their job in the next six months as
     a result of economic conditions?
                                                                     Likely                  Unlikely

                                                                                                                                                               79.5%

                                                                                                                                                                20.5%

                Q2         Q3         Q4        Q1         Q3         Q2         Q3         Q4        Q1         Q2        Q3         Q4         Q1        Q2
                2016       2016       2016      2017       2017       2018      2018       2018      2019       2019      2019       2019       2020       2020

27
Impact of COVID-19 on Employment
                                                      (Out of Those Employed Only, N= 444)

                                       Q: Which of the following statement apply to you? Please select all that apply.
     % of Those whose Employment was
     Impacted following the Pandemic

           Not Impacted     Impacted

                                              45.6%
                          30.0%

                                                                19.1%
                                                                                 13.3%            10.5%             9.0%        7.2%
             70.0%

                                          Salary Was Cut Employment Salary Was Not Expecting a                     Laid Off Put on Unpaid
                                                          Was Not   Affected At All Salary Cut in                (Temporary     Leave
                                                          Affected                   the Future                     Leave)

28
Investment Climate

29
Ability to Invest in The Future
     Q. Compared to 6 months ago, are you NOW more or less comfortable about your ability to invest in the future, including your ability to save money for your retirement
     and your children’s education?
                                                           More Comfortable           Less Comfortable

                                                                                                                                                             77.0%

                                                                                                                                                             23.0%

                  Q2        Q3        Q4         Q1         Q3        Q2        Q3        Q4        Q1         Q2        Q3        Q4        Q1         Q2
                 2016      2016      2016       2017       2017      2018      2018      2018      2019       2019      2019       2019      2020       2020

30
Ability to Invest in The Future
                                            Global Comparison
     Q. Compared to 6 months ago, are you NOW more or less comfortable about your ability to invest in the future, including your ability to save
     money for your retirement and your children’s education?                                                                      Compared to More
                                                              More Comfortable     Less Comfortable                             Confident Results of Q1,20

               China                     74%                                                       26%                                     +1%
        Saudi Arabia                             58%                                                       42%                             -9%
                India                                     41%                                                       59%                   -16%
                  US                                        37%                                                       63%                 -15%
            Sweden                                            33%                                                       67%               -16%
           Germany                                            32%                                                       68%                -9%
           Australia                                          32%                                                       68%                -4%
             Canada                                             30%                                                       70%             -14%
        South Africa                                            30%                                                       70%              -9%
               Brazil                                            27%                                                       73%            -20%
              France                                              26%                                                       74%            -2%
             Mexico                                               26%                                                       74%           -11%
          Argentina                                               26%                                                       74%            -5%
            Belgium                                               25%                                                       75%            -4%
        Great Britain                                              24%                                                       76%          -18%
              Jordan                                                23%                                                       77%          -6%
                 Italy                                               21%                                                       79%         -2%
         South Korea                                                 20%                                                       80%         -1%
              Turkey                                                  18%                                                       82%       -12%
              Poland                                                   17%                                                       83%      -17%
            Hungary                                                    17%                                                       83%       -8%
               Spain                                                   17%                                                       83%      -15%
              Russia                                                     14%                                                       86%     -6%
               Japan                                                      11%                                                       89%    -3%
31
Ability to Make a Major Purchase
     Q. Compared to 6 months ago, are you now more or less comfortable making a major purchase, like a home or car?

                                                            More Comfortable           Less Comfortable

                                                                                                                                              88.8%

                                                                                                                                              11.2%

                 Q2         Q3        Q4        Q1        Q3        Q2       Q3         Q4        Q1        Q2         Q3    Q4     Q1     Q2
                2016       2016      2016      2017      2017      2018     2018       2018      2019      2019       2019   2019   2020   2020

32
Buying Household Durables
     Q. Compared to 6 months ago, are you now more or less comfortable making other household purchases?

                                                           More Comfortable           Less Comfortable

                                                                                                                                          80.4%

                                                                                                                                          19.6%

                  Q2       Q3        Q4       Q1         Q3       Q2        Q3        Q4       Q1          Q2     Q3     Q4     Q1     Q2
                 2016      2016     2016      2017       2017     2018     2018       2018     2019        2019   2019   2019   2020   2020

33
Understanding Jordanians’ Perceptions of COVID-19

34
Impact of COVID-19 On The Country

Duration of COVID 19                                          Level Of Threat On Jordan                                   Preparedness to Deal With COVID 19
 Q: “COVID-19 is being contained and will soon be over”, to   Q: What level of threat does the coronavirus pose to your   Q: Based on what you have seen, how confident are you about
 what extent do you agree or disagree with the statement?     country ?                                                   the overall preparation to effectively deal with COVID-19?

            March (Q1, 2020)       June (Q2, 2020)                   March (Q1, 2020)         June (Q2, 2020)                     March (Q1, 2020)            June (Q2, 2020)

                                         50.8%                                                    37.8%                                                               49.3%
                Agree                                                     High Threat                                                     Prepared
                                               69.5%                                          23.6%                                                                     61.3%

                            10.6%                                                              28.1%                                                   3.9%
                                                                                                                                Neither Prepared or
              Neutral                                                Moderate Threat
                                                                                                                                    Unprepared
                                18.3%                                                             39.4%                                                   15.4%

                                       38.6%                                                     34.1%                                                            46.9%
             Disagree                                                      Low Threat                                                   Unprepared
                               12.2%                                                             37.0%                                                        23.3%

35
JCSI Deep Dive

36
0
                                                                                                                     100

                        10
                             20
                                  30
                                           40
                                                                         50
                                                                                          60
                                                                                                      70
                                                                                                           80
                                                                                                                90

37
      Q2 2016

                                                                                           56.2
      Q3 2016

      Q4 2016

      Q1 2017

                                                                                     53.6 55.5 52.7
      Q3 2017

      Q2 2018

                                                                              49.2 49.7
      Q3 2018

                                                          39.0
      Q4 2018

                                         31.7
      Q1 2019
                                                                                                                           JCSI- Trending
                                                                                                                                                     Overall JCSI

      Q2 2019

      Q3 2019                                 34.9 36.4 35.5

      Q4 2019
                                                             38.5

      Q1 2020
                                                                  35.4

      Q2 2020
                                       30.4

                    0
                                                                                                                     100

                        10
                             20
                                           40
                                                                         50
                                                                                          60
                                                                                                      70
                                                                                                           80
                                                                                                                90

                                  30

        China
 Saudi Arabia
            US
     Sweden
    Germany
         India
    Australia
      Canada
 Great Britain
     Belgium
       France
 South Korea
       Poland
        Brazil
   Argentina
          Italy
     Hungary
      Mexico
                                                                                                                           JCSI- Global Comparison

        Japan
        Spain
       Russia
      Jordan
                                       30.4

     South Africa
          Turkey
                                                                         Avg. 50.0
100
                                                                               90
                                                                               80
                                                                               70
                                                                               60
               JCSI Personal                                                   50
                                                                                                                                                                                                                                                                                                           Avg. 50.0

               Financial Conditions                                            40    46.6                  43.7         44.7
                                                                               30                                                   41.1
                                                                                                                                                       36.8                     35.0
                                                                               20
 This quarter’s index on financial conditions has seen a 5.5 point drop                                                                                                                       25.0                                             25.0                 23.7                  26.2             25.2
 in comparison to last quarter pushing Jordan placing Jordan at the 23rd       10                                                                                                                                              22.6                                                                                      19.7
                                                                                                                                                                                                             18.9
 position. Nonetheless, there is a general decrease witnessed across
                                                                                0
 countries when it comes to people’s sentiment towards finances
 when compared to last quarter.                                                       Q2                    Q3   Q4   Q1   Q3   Q2   Q3   Q4   Q1   Q2   Q3   Q4   Q1   Q2
 1. Compared to 6 months ago, are you NOW more or less                              2016                   2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020
    comfortable making other household purchases?

 2. Compared to 6 months ago, are you NOW more or less
    comfortable making a major purchase, like a home or car?                  100
 3. Compared to 6 months ago, are you NOW more or less confident
                                                                               90
    about job security for yourself, your family and other people you          80
    know personally?                                                           70
 4. Compared to 6 months ago, are you NOW more or less confident               60                                                                                                                                                                                                                          Avg. 50.0
    of your ability to invest in the future, including your ability to save    50
    money for your retirement or your children’s education?
                                                                               40
 5. Rate your current financial situation, using a scale from 1 to 7,          30                                                                                                                                                                                                                                19.7
    where 7 means your personal financial situation is very strong             20
    today and 1 means it is very weak.
                                                                               10
 6. Rate the current state of the economy in your local area using a            0

                                                                                                                                                                                                                                                                 Hungary
                                                                                                                                                       Canada

                                                                                                                                                                                          Belgium
                                                                                                                    India

                                                                                                                                                                                                                                                                                                                              Japan
                                                                                    China

                                                                                                           Sweden

                                                                                                                            US
                                                                                                                                 Australia

                                                                                                                                                                                 France

                                                                                                                                                                                                                                                                                                            Turkey
                                                                                                                                                                                                    Brazil

                                                                                                                                                                                                                                                                                                   Spain
                                                                                                                                             Germany

                                                                                                                                                                                                             Poland
                                                                                                                                                                                                                      Mexico

                                                                                                                                                                                                                                                                           South Africa
                                                                                                                                                                                                                               Argentina
                                                                                                                                                                                                                                           Italy
                                                                                                                                                                Great Britain

                                                                                                                                                                                                                                                                                          Russia
                                                                                                                                                                                                                                                   South Korea
                                                                                            Saudi Arabia

                                                                                                                                                                                                                                                                                                                     Jordan
    scale from 1 to 7, where 7 means a very strong economy today
    and 1 means a very weak economy.

38
100
                                                                      90
                                                                      80
                                                                      70     63.5                 62.2               63.2          62.7                            64.2
                                                                                                                                                  59.4
                                                                                                                                                                                        55.0                                                                                      55.0
                                                                      60                                                                                                                                             50.1            51.4                          50.8
              JCSI Economic                                           50
                                                                                                                                                                                                       46.8                                                                                     49.0             49.0

              Expectations                                            40                                                                                                                                                                                                                                 Avg. 50.0
                                                                      30
                                                                      20
 Jordanians’ expectations regarding their country’s economy           10
 has been stable when compared to the previous quarter.
 While Jordan is placed at the 13th position when compared to          0
 other countries, there is a general level of pessimism                      Q2                    Q3   Q4   Q1   Q3   Q2   Q3   Q4   Q1   Q2   Q3   Q4   Q1   Q2
 witnessed globally.                                                       2016                   2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020
 Now look ahead at the next six months. How likely is it that
 you, someone in your family or someone else you know
 personally will lose their job in the next six months as a result   100
 of economic conditions?                                              90
                                                                      80
 1. Looking ahead six months from now, do you expect the
    economy in your local area to be much stronger,                   70
    somewhat stronger, about the same, somewhat weaker,               60                                                                                                                                                                                                                                 Avg. 50.0
                                                                                                                                                                                                   49.0
    or much weaker than it is now?                                    50
 2. Looking ahead six months from now, do you expect your             40
    personal financial situation to be much stronger,                 30
    somewhat stronger, about the same, somewhat weaker,               20
    or much weaker than it is now?
                                                                      10
                                                                       0

                                                                                                                                       Canada

                                                                                                                                                                                         Hungary
                                                                                                  US

                                                                                                                                                                                                                                                                    Belgium

                                                                                                                                                                                                                                                                                                        Turkey
                                                                                                                      India
                                                                                                                              Brazil

                                                                                                                                                                                                                             Spain

                                                                                                                                                                                                                                                                                                Japan
                                                                           China

                                                                                                         Australia

                                                                                                                                                Germany
                                                                                                                                                          Sweden

                                                                                                                                                                               Mexico

                                                                                                                                                                                                                                                                              France
                                                                                                                                                                                                            Italy
                                                                                                                                                                                                                    Poland

                                                                                                                                                                                                                                                   Great Britain

                                                                                                                                                                                                                                                                                                                 South Africa
                                                                                                                                                                   Argentina

                                                                                                                                                                                                                                                                                       Russia
                                                                                                                                                                                                                                     South Korea
                                                                                   Saudi Arabia

                                                                                                                                                                                                   Jordan
39
100
                                                                    90
                                                                    80
                                                                    70
                                                                    60                                      49.0                                                                                                                                                                                            Avg. 50.0
                                                                          48.0                   45.5                      44.6
          JCSI Investment Climate                                   50                                                                       39.1                      40.0
                                                                    40                                                                                                                28.8                                                                                        30.9
                                                                                                                                                                                                                         25.5                    28.2            26.9                              27.4
                                                                    30                                                                                                                                21.8                                                                                                            24.0

                                                                    20
 Jordanians’ cynicism towards their ability to invest has
                                                                    10
 increased this quarter, resulting in a further 3.4 point drop
 when compared to the first quarter of this year.                    0
                                                                           Q2                     Q3   Q4   Q1   Q3   Q2   Q3   Q4   Q1   Q2   Q3   Q4   Q1   Q2
 1. Compared to 6 months ago, are you NOW more or less
    comfortable making a major purchase, like a home or
                                                                         2016                    2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020
    car?

 2. Compared to 6 months ago, are you NOW more or less             100
    comfortable making other household purchases?                   90
                                                                    80
 3. Compared to 6 months ago, are you NOW more or less
    confident of your ability to invest in the future, including    70
    your ability to save money for your retirement or your          60                                                                                                                                                                                                                                      Avg. 50.0
    children’s education?                                           50
 4. Rate your current financial situation, using a scale from 1     40
                                                                                                                                                                                                                                                                                                   24.0
    to 7, where 7 means your personal financial situation is        30
    very strong today and 1 means it is very weak.                  20
 5. Looking ahead six months from now, do you expect your           10
    personal financial situation to be much stronger,                0

                                                                                                                                                                                                                                                                                                   Jordan
                                                                                                                                    Canada

                                                                                                                                                                                                                                                                                 Hungary
                                                                                                                India

                                                                                                                                                                                                                                                                                                                       Japan
                                                                          China

                                                                                                  Sweden
                                                                                                           US

                                                                                                                                                                                 Belgium
                                                                                                                                                                                           France

                                                                                                                                                                                                                                                                                                             Turkey
                                                                                                                                                                        Brazil

                                                                                                                                                                                                                                                  Spain
                                                                                                                        Australia

                                                                                                                                                             Germany

                                                                                                                                                                                                                Mexico
                                                                                                                                                                                                                         South Africa
                                                                                                                                                                                                                                        Poland
                                                                                                                                                                                                    Argentina

                                                                                                                                                                                                                                                                                           Italy
                                                                                                                                             Great Britain

                                                                                                                                                                                                                                                                        Russia
                                                                                                                                                                                                                                                          South Korea
                                                                                  Saudi Arabia

    somewhat stronger, about the same, somewhat weaker,
    or much weaker than it is now?

40
100
                                                          90
                                                          80
                                                                66.9                               64.6
                                                          70                      62.8                            61.5        60.0                         60.3
                                                          60
           JCSI Employment                                50
                                                                                                                                                                                  46.2
                                                                                                                                                                                                   40.8          41.7             42.3                 42.3          44.0
                                                                                                                                                                                                                                                                                        39.0
           Confidence                                     40
                                                                      Avg. 50.0
                                                                                                                                                                                                                                                                                                     30.7
                                                          30
                                                          20
 The employment index has also seen a deterioration       10
 this quarter, pushing Jordan’s position even further     0
 in comparison to the previous wave. Implications of
                                                                 Q2                Q3   Q4   Q1   Q3   Q2   Q3   Q4   Q1   Q2   Q3   Q4   Q1   Q2
 COVID 19 on employment confidence is evident
                                                               2016               2016 2016 2017 2017 2018 2018 2018 2019 2019 2019 2019 2020 2020
 across all countries included in the survey.

 Compared to 6 months ago, are you now more or           100
 less confident about job security for yourself, your
                                                          90
 family and other people you know personally?
                                                          80
 1. Thinking about the last 6 months, have you,           70
    someone in your family or someone else you            60                                                                                                                                                                                                                                  Avg. 50.0
    know personally lost their job as a result of         50
    economic conditions?
                                                          40                                                                                                                                                                                                                      30.7
 2. Now look ahead at the next six months. How            30
    likely is it that you, someone in your family or      20
    someone else you know personally will lose their      10
    job in the next six months as a result of economic     0
    conditions?

                                                                                                                                                                                                               Canada
                                                                                                                                                                                                                        Hungary
                                                                                  Japan

                                                                                                                                                                                                       India
                                                                                          Sweden
                                                                                                    Belgium
                                                                                                              France
                                                                                                                       US

                                                                                                                                                                                                                                                                Turkey
                                                                                                                                                                                                                                                        Spain

                                                                                                                                                                                                                                                                                            Brazil
                                                                Germany
                                                                          China

                                                                                                                                                                         Poland
                                                                                                                                                                                   Australia

                                                                                                                                                                                                                                                                         Mexico
                                                                                                                                                                                               Italy

                                                                                                                                                                                                                                  Argentina
                                                                                                                                           Great Britain

                                                                                                                                                                                                                                                                                                     South Africa
                                                                                                                                                                                                                                              Russia
                                                                                                                                                           South Korea
                                                                                                                            Saudi Arabia

                                                                                                                                                                                                                                                                                   Jordan
41
JCSI Methodology

42
JCSI Methodology

     Mixed Methodology - Computer Assisted Telephone Interviews
     (CATI) and Self Administrated Online Interviews (Online Panels)
     Sample Size – 1000 Respondents
     Age – 18 years old and above
     Sample Criteria – Nationally Representative Sample of Jordanians

     The JCSI Index is calculated by utilizing data from the survey results.
     Responses are divided into aggregated Top Box (Reward) numbers
     and Bottom Box (Penalty) numbers. Using Shapely Value Analysis,
     values were generated for the penalty and reward for each question.
     The magnitude of each question is the difference between the
     reward and penalty. An Importance factor, which the ultimate
     weight of the particular question in the index, is the magnitude of
     each question divided by the total magnitude of all questions. A Top
     Box Weight for each question is calculated by dividing the Reward by
     the magnitude of each question. Similarly, the Bottom Weight for
     each question is calculated by dividing the Penalty for each question
     by magnitude of the same. The Index Value for each question is
     calculated by using the formula: Importance x (Top Box Wt * Top Box
     %) -(Bottom Box Wt * Bottom box %).
43
GAME CHANGERS

At Ipsos we are passionately curious about people,
markets, brands and society. We make our changing
world easier and faster to navigate and inspire clients
to make smarter decisions. We deliver with security,
simplicity, speed and substance.

We are Game Changers
For more information, please contact:
Saif Nimry
Managing Director of Jordan and Iraq
Saif.Nimry@ipsos.com

Noor Al-Salhi
Senior Accounts Manager – Ipsos Jordan
noor.alsalhi@ipsos.com

Tala Abughoush
Project Manager– Ipsos Jordan
tala.abughoush@ipsos.com
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