Busi­ness con­fi­dence in Asia on three-year high

The Star Early Edition - - BUSINESS REPORT - Brenda Goh

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.”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.