Business confidence among Asian companies declined for the first time in the last three quarters

Business confidence among Asian companies has dropped significantly over the past three quarters due to concerns that the protectionist policies of US President Donald Trump could provoke an economic downturn in the region and undermine the global trading system, writes. The Asian business sentiment index Thomson Reuters/INSEAD showed the first decline since September 2017, dropping to 74 points from a 7-year high of 79 points in the first quarter. Professor of Economics Antonio Fatas notes that the risks for growth are becoming more real. At the same time, chief economist RHB Banking Arup Raha points to the relative resilience to the global shocks of some Asian economies with strong external balances.

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