Nairobi, Jan. 17 -- Twenty percent of Kenyans do not believe their economic conditions will improve in the next five years, findings of a new survey that also found that wealthy Kenyans are more trusting of the government shows.

The 2023 report by Edelman Trust Barometer shows an increase in the level of economic pessimism among Kenyans from 10 percent last year.

This is the largest fall in the level of economic confidence in the world, the survey reveals.

Economic pessimism appears to be on the rise, with citizens in 24 out of 28 countries surveyed reporting an all-time lowest level of confidence in their financial circumstances.

At the World Economic Forum happening in Davos this week, leading economists have predicted a global econ...