Expats Resilient To Global Slowdown
Despite the global financial crisis, Expats finance’s are still managing to grow
London, UK (Pryce Warner International) December 7th, 2011 – A new Expat study conducted by HSBC has shown that despite the negative outlook, Expat’s finances remain relatively stable.
This was worked out by cross referencing Expat’s ability to attain high earnings, disposable income and accumulate wealth in a country, with how they rate the overall economic picture in that country.
In Egypt nearly 97% of Expats agreed that the economy has deteriorated since 2010, yet it also ranked 2 out of 31 in terms of personal earning potential and wealth accumulation.
Bahrain and Japan also had similar results. They came 10th and 12th in terms of individual earning potential, but 40% of Expats rated the local economy as having weakened.
Expatriates in these countries are also better off financially. 52% of those in Bahrain, 58% in Egypt and 38% in Japan reported having higher incomes than they did in their home country. This was above the global average of 35%.
The relatively positive outlook for Expats has meant they the vast majority are opting to stay abroad. Only 14% of Expats in a country where a deterioration was reported said they would consider returning home.
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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
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