Economic sentiment among young Asian CEOs surges

Singapore

YOUNG Asian chief executives are reporting a resurgence of confidence, a surprising find given the current slowdown in China and the decline in stock and oil prices globally.

Economic sentiment in Asia rose 2.4 points from 57.3 in Q3 2015 to 59.7 in Q4 2015, after having dropped 10 points in the previous five quarters, according to the latest YPO Global Pulse Confidence Index.

YPO, or the Young Presidents' Organisation, is a global network of CEOs - all under 50 years of age - of companies with minimum annual revenues of US$12 million. About a third of YP…