News Formal

Asian business sentiment near 3-year low as trade war drags

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

CONFIDENCE among Asian companies held near three-year lows in the first quarter as a US-China trade dispute dragged on, pulling down a global economy that is already on a downward path, a Thomson Reuters/ INSEAD survey found. Read more at The Business Times.

Thu, Mar 21, 2019 - 5:50 AM

A reading above 50 means optimistic respondents outnumbered pessimists, but the latest index still marks one of the five worst since the world started its recovery from the 2008-2009 global financial crisis."Things have not gotten worse but a lot of uncertainty is putting companies in wait-and-see mode," Antonio Fatas, a Singapore-based economics professor at global business school INSEAD, said of US-China talks on trade relations.

Global agencies including the International Monetary Fund and the Organisation for Economic Cooperation and Development have said failure to resolve trade tension could further slow a downward-trending global economy. "We don't see a global hard landing as a likely scenario when we look at economic factors such as inflation and credit conditions," said Young Sun Kwon, economist at Nomura in Hong Kong."But there are big uncertainties in politics."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks higher on Brexit reprieve but trade concerns limit gainsAsian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore hailed as most attractive Asian market to do business: surveySingapore hailed as most attractive Asian market to do business: survey | Singapore Business Review
Source: SBRMagazine - 🏆 13. / 51 Read more »