Asian firms' sentiment bounces from low, but most firms do not plan on hiring or expect business to pick up as they see a risk of a global recession looming: thomsonreuters/INSEAD by TSWestbrook
SINGAPORE - Confidence among companies in Asia lifted slightly in the September quarter from 10-year lows, but most firms do not plan on hiring or expect business to pick up as they see a risk of a global recession looming, a Thomson Reuters/INSEAD survey found.
The latest showing, though, means the index has not risen above the mid-60s for a year and is one of the seven weakest readings since the 2008-2009 global financial crisis.
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