The world’s most confident consumers are…
Indonesia has edged out India for the top spot in world consumer confidence in Nielsen’s survey, Reuters reports: Indonesia’s shift to top spot in the survey was a further sign that the country, with its big domestic economy and an expanding middle class, is weathering the global slowdown better than some other emerging markets. "In ...
Indonesia has edged out India for the top spot in world consumer confidence in Nielsen's survey, Reuters reports:
Indonesia's shift to top spot in the survey was a further sign that the country, with its big domestic economy and an expanding middle class, is weathering the global slowdown better than some other emerging markets.
"In Indonesia, consumer optimism has been evident all year fuelled by investment rating upgrades from Moody's and Fitch," said Catherine Eddy, managing director, Nielsen Indonesia.
Indonesia has edged out India for the top spot in world consumer confidence in Nielsen’s survey, Reuters reports:
Indonesia’s shift to top spot in the survey was a further sign that the country, with its big domestic economy and an expanding middle class, is weathering the global slowdown better than some other emerging markets.
"In Indonesia, consumer optimism has been evident all year fuelled by investment rating upgrades from Moody’s and Fitch," said Catherine Eddy, managing director, Nielsen Indonesia.
Global consumer confidnece in down two points, to 53 percent, since the first quarter of this year. U.S. confidence fell 5 points.
The rise of the Indonesian economy and its growing middle class were one of FP’s Stories You Missed in 2010.
Joshua Keating was an associate editor at Foreign Policy. Twitter: @joshuakeating
More from Foreign Policy

Is Cold War Inevitable?
A new biography of George Kennan, the father of containment, raises questions about whether the old Cold War—and the emerging one with China—could have been avoided.

So You Want to Buy an Ambassadorship
The United States is the only Western government that routinely rewards mega-donors with top diplomatic posts.

Can China Pull Off Its Charm Offensive?
Why Beijing’s foreign-policy reset will—or won’t—work out.

Turkey’s Problem Isn’t Sweden. It’s the United States.
Erdogan has focused on Stockholm’s stance toward Kurdish exile groups, but Ankara’s real demand is the end of U.S. support for Kurds in Syria.