Asia-Pacific economic picture outside of China brightens: S&P

Singapore

ASIA-PACIFIC economies had a pretty good second quarter, said S&P Global Ratings, which believes the macro view looks "a bit more secure" in two key economies in the region - Japan and India. Both have made strong policy decisions in recent months.

In a report titled "Asia-Pacific's overall economic picture brightens a bit outside of China", the credit risk research unit of S&P Global Inc also said that Australia's economic growth has been better than expected.

More generally, nominal trade numbers in Asia-Pacific are starting to pick up as oil prices recover and the sharp declines of the past one and a half …