Retail in Asia

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Consumers globally upbeat on job prospects, survey reveals

More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday.

That helped push global consumer confidence up in the second quarter to its highest since the first quarter of 2007, according to the survey by global information and insights company Nielsen.

India overtook Indonesia as the most optimistic consumer market, while Portugal and Slovenia were the most pessimistic. Japan and Hong Kong saw the biggest declines in confidence from the previous quarter.