Business confidence in Asia on three-year high
BUSINESS confidence in Asia rose to a three-year high in the second quarter of the year, propelled by a slew of favourable economic data across the region and easing concerns over the health of China’s economy, a survey showed.
The Thomson Reuters/ Insead Asian Business Sentiment Index, representing the six-month outlook of 101 firms, climbed to 74 points in April-June from 70 points three months earlier. A reading over 50 points indicates a positive view.
“The world economy is starting to look more solid,” said Singapore-based economics professor Antonio Fatas at global business school Insead. “The US is reaching good levels of GDP and employment, with Europe finally recovering and Asia seeing less risks ahead. China looks like it’s in a more stable situation.”