Firms swapping euro zone for emerging markets: Survey
Published on Nov 27, 2012 9:05 AM
LONDON (REUTERS) - Nearly one in two companies have already reduced their exposure to the euro zone because of the bloc's debt and banking problems, according to a study released on Tuesday by Accenture.
But the consulting firm also found that half of euro zone businesses are looking to take advantage of the crisis by seeking acquisitions in the 17-currency area.
For Chinese companies, that figure rises to 71 per cent.
Accenture surveyed 450 companies, 96 per cent of which have annual revenues of at least US$1 billion (S$1.22 billion).
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!