Asian business confidence rebounds sharply though pandemic casts shadow: Poll

BENGALURU - Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/Insead survey showed on Wednesday .

About 14 per cent said a global recession was their biggest concern, while the rest flagged uncertainty over the upcoming US election in November and other risks. The United States has reported the greatest number of Covid-19 fatalities, while rising numbers in Europe are now threatening to shut down parts of the continent again.

China, where the coronavirus was first detected, has largely managed to contain its spread and South Korea and Japan have kept case numbers relatively low by global standards despite all three countries seeing a second wave of infections.India, for instance, has reported the second-highest number of cases globally.

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