Asian Treasurers Less Upbeat than US Peers on Business Prospects
A majority of senior treasury and finance professionals in Asia think that the prospects for their business are better this year compared to last, but at 54% the figure indicates less confidence in this group than their US counterparts (60%) who were polled at the EuroFinance event in Miami last week.
The figure comes from a ‘Treasury Verdict’ session taken by a live audience poll of senior treasury and finance professionals at
EuroFinance’s 19th annual conference on international cash, treasury and risk for financial professionals in Asia
. Compounding this comparative lack of confidence among Asian treasurers was that 28% of all delegates polled feel less confident on the issue this year compared to last year. Some 18% felt no change in confidence, year-on-year.
“Treasurers are not seeing as many positive macroeconomic headwinds in Asia as they are in places such as the US and Latin America,” said Katharine Morton, EuroFinance’s managing editor. “While opportunities exist in both regions, confidence both on a business and wider economic level is more muted in Asia. China’s slowdown in growth may be a contributing factor here, but it is important to note that this slower growth is seen as more sustainable in the long term.”
EuroFinance surveyed the audience at its 19th Asia annual conference held in Singapore last week. Using an electronic voting system, respondents answered questions on 12 key themes on the future of the global economy.