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PWC’s latest report of its Global Consumer Insights Survey found that Middle East consumers are willing to spend more on essentials and decrease their spending on Luxury or designer products for the next six months.
61 per cent of PWC’s survey participants said that they were ready to spend more on groceries, while 53 per cent said that they would spend more on fashion.
49 per cent of the respondents said that they would spend more on consumer electronics.
The percentage of people willing to spend more has significantly increased across these segments from PWC’s last survey.
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