SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Consumers in Philippines and Indonesia are the most optimistic in the Asia Pacific region, according to a survey highlighting the neighbor countries’ “extreme improvements” in confidence despite the global uncertainty. The two countries led the 14 Asia-Pacific markets included in the MasterCard Worldwide Index of Consumer Confidence released on February 7.
The financial services firm noted that both countries have benefited from rising investment — from both domestic and international investors — amid slowdown in global economy affecting exports, a key source of economic growth. Considered Asia’s rising tigers, Indonesia and the Philippines posted healthy economic growth rates in 2012. The Philippines grew 6.6% and Indonesia 6.23%.
Read the full story on Rappler
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.