- 54% of Asian treasurers feel more confident about their business' prospects in the next year
- Asia result compares to 60% confidence demonstrated by US treasurers
While a majority of senior treasury and finance professionals in Asia think that the prospects for their business are better this year compared to last (54%), there is less confidence in this group than their US counterparts (60%) who were polled at the EuroFinance event in Miami last week.
This was the key finding of the "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 over one in four of all delegates polled (28%) feel less confident on the issue this year compared to last year. Some 18% felt no change in confidence, year-on-year.
Katharine Morton, EuroFinance's Managing Editor, says: "Treasurers are not seeing as many positive macroeconomic headwinds in Asia as they are in places such as the US and Latin America. 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."