The economic upturn in countries in Asia is still fragile, according to the Global Economic Conditions Survey for the first quarter of 2015.
Consumers in Asia Pacific’s emerging markets remain optimistic despite a slight decline in overall consumer confidence for the region, according to the MasterCard Index of Consumer Confidence.
Consumers in Asia Pacific, with the exception of Australia, largely remain optimistic on their economic outlook despite continued uncertainty in the global economy, according to the MasterCard Index of Consumer Confidence released recently.
The Global Economic Conditions Survey quarterly survey, a regular economic survey of accountants, revealed that while business investment fell in Singapore in the last quarter of 2013, confidence within businesses of those surveyed actually rose in the final months of the year.
The post-election boost to business confidence has vanished in Malaysia as only 13% of businesses report confidence gains in the third quarter of the year, according to new findings from the ACCA (Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA) in their Global Economic Conditions Survey (GECS).