By Martin Gøttske
Easing concerns over the health of China’s economy and favourable economic data across the region has propelled business confidence in Asia to rise to a three-year-high, according to the Thomson Reuters/INSEAD Asian Business Sentiment Index.
The survey, representing the six-month outlook of 101 firms, climbed to 74 in April-June from 70, three months earlier. A reading over 50 indicates a positive view.
It’s also seen as the result of the world economy starting to look more solid with Asia seeing fewer risks ahead; Europe recovering; and the USA reaching good levels of GDP and employment.