Today: November 20, 2018, 11:04 pm
  
Business

Annual APAC business report finds hope for bright 2018

PR-Inside.com: 2017-12-06 09:02:01
  • 40% of APAC businesses expect to hire more over the next 12 months, a three-year high.
  • China optimism at 52% - three-year high. 44% of firms there expect revenues to increase over the next 12 months, and 21% predict increased exports.
  • 46% of APAC businesses agree that the One Belt One Road initiative will provide significant growth opportunities.
  • The biggest threat to the region cited is ageing populations.

Annual APAC business report finds hope for bright 2018

Grant Thornton
John Vita
312 602 8955
John.Vita@gti.gt.com

Grant Thornton’s annual APAC businesses report reflects a buoyant mood across much of the region as optimism hits a two-year high, driven by improvements from its two biggest economies: China and Japan.

Report and survey highlights:

Outlook brightens across Asia Pacific

  • Levels of optimism hit net 41% in Q3 2017.
  • 40% of businesses expect to hire more people over the next 12 months, a three-year high.

Not all trajectories are upwards

  • In Australia, business optimism has slipped from 75% a year ago to 58% now.
  • Optimism in New Zealand is down to 68% which is the lowest in two years.

Trade Prospects

  • 50% of businesses are confident that regional and geopolitical events will create a business environment that will allow free trade to prosper over the next five years. Only 6% are not confident this will be case. One in three (34%) remain neutral.

Opportunities in growing middle class

  • 30% cite this as an opportunity, up from 23% last year. India’s businesses are most positive (58%) about the growth opportunity presented by rapid middle-class growth.

One Belt One Road initiative

  • 46% of businesses agree that the One Belt One Road initiative will provide significant growth opportunities.
  • Support is particularly strong in India, where two in three firms (66%) agree it will provide significant growth opportunities.

Trans Pacific Partnership

  • 26% of businesses still see it as an opportunity for the region over the next five years. This is a slight increase from 12 months ago.

Demographics and geopolitical threats still linger

  • The biggest threat to the region is ageing populations, down 3pp from last year at 33%, but the second year straight that it has topped the list.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
http://www.pr-inside.com/


# 328 Words
Related Articles
 
More From Business
Elections 2018 in Rajasthan on Abhinav Rajasthan
20th November 2018 - Abhinav Rajasthan provides an overview of the candidature for the Rajasthan election 2018. For all those [..]
SLP Should Not Be a Problem with [..]
15th November 2018 - Tutorax provides home language stimulation services in Montreal or Quebec, and also Laval, Longueuil, Montérégie, [..]
Achieve Victory Royale With This Easy Trick [..]
Los Angeles, USA — 20 November 2018 — Buy Fortnite Account is the service that covers account purchases for the [..]
Buy LOL Account Is The Service That [..]
New York, USA — 20 November 2018 — Buy LOL Account is the service that is marketing the leading accounts [..]
Get LOL Smurfs from the Best Buy [..]
20th November 2018 - Buy Lol Smurfs provides totally amazing services for those who are in love with surfs. The [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.