Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months.
FILE PHOTO: Employees work on a production line inside a Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China's epicentre of the novel coronavirus disease outbreak, were further eased, April 8, 2020. REUTERS/Aly Song/File Photo
A reading above 50 indicates a positive outlook. The last time the index showed a reading below that was in its debut quarter, when it hit 45. “We ran this survey right at the edge when things were getting really bad,” Antonio Fatas, Singapore-based economics professor at global business school INSEAD, said of the survey conducted between May 29 and June 12.
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