Asia execs see bleaker future than US, Europe peers<\/p>\n
HONG KONG (Reuters): More top executives in Asia are worried
\nabout the global economic outlook than their counterparts in
\nEurope and the United States, according to a recent survey.<\/p>\n
The survey of 100 top executives worldwide found 77 percent of
\nAsian respondents were \"concerned\" or \"very pessimistic\" about
\nthe short-term economic outlook.<\/p>\n
Only 35 and 53 percent of respondents from Europe and the
\nUnited States, respectively, held the same views.<\/p>\n
None in Asia said they were \"very optimistic\" or \"confident\"
\nwhile 16 percent in the United States said they were.<\/p>\n
\"As finance executives are among the most conservative people
\non the planet, these results are chilling,\" said Carla Rapoport,
\neditor-in-chief of CFO Asia, in a statement.<\/p>\n
The survey was jointly organized by the Asian, European and
\nU.S. editions of CFO, a publication of the Economist Group.<\/p>\n
Views of Asian respondents on the regional outlook was even
\nmore bleak with 86 percent of those polled saying they were
\n\"concerned\" or \"very pessimistic\" about the economy over the next
\nyear.<\/p>\n
This compared to 56 percent in the United States and 26
\npercent in Europe.<\/p>\n
Seventy-six percent of Asian executives expected flat or lower
\nprofits in the next quarter compared with 67 percent in the
\nUnited States and 32 percent in Europe.<\/p>\n
\"The sting to export-driven businesses from a decline in
\norders is just beginning,\" Rapoport warned.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/asia-execs-see-bleaker-future-than-us-europe-peers-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}