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  Economy   (Market View)  
Rebounding Confidence
Global consumer confidence is rebounding , and has risen for the first time in the US since 2007, amid signs the world economy is
picking up although spending is still restrained, a survey showed on Wednesday.

Confidence is the highest in India, followed by Indonesia and Norway, and was weakest in Japan, Latvia, Portugal and South Korea, although in Korea it has improved markedly, according to a quarterly survey by The Nielsen Company, conducted between September 28 and October 16.

“Consumer confidence is rising faster in the BRIC countries than other markets, driven by increasing job prospects,” Oliver Rust, MD of Nielsen Hong Kong, said.

In the US and Europe, high unemployment continued to discourage spending on big-ticket items although confidence had improved as the worst appeared to be over for those economies, New York-based Nielsen said.

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