Economic outlook for Singapore & region seen as rosy this year: ACCA

SINGAPORE (Feb 1): Economic confidence in Asia Pacific remained high relative to the past few years despite a dip in 4Q17 on the recent cooling of China’s economic activity, according to the Association of Chartered Certified Accountants (ACCA).

In its Global economic conditions survey final report: Q4, 2017, the global body for professional accountants attributes China’s drop in confidence to a new determination by policymakers to consider the risks of continued rapid credit growth to the broader financial system.

“We can all worry about a potential hard landing in China, but before anything like that happens, there’s a huge amount of underlying cyclical stories that are going up and down,” comments Claus Vistesen, Chief Eurozone Economist, Pantheon Macroeconomics.

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