Since 2012, economic growth has been high, driven by private consumption which accounts for about 70% of the economy. Growth has also been sustained by rising demand for exports.
Most of the survey respondents in Japan (32.5%, notably above the 23% in Asia Pacific) consider cost containment to be the biggest challenge to business profitability this year.
21.5% respondents in Singapore versus 17.4% in Asia Pacific consider a likely drop in demand for their products and services as the biggest challenge to business profitability in 2015.
32.5% of respondents in Taiwan compared to 25.8% in Asia Pacific said that domestic B2B customers pay invoices late most often due to disputes over the quality of goods delivered or services provided.
Global trade growth has slowed significantly in recent years. For 2015, Atradius predicts just 1% international trade growth. This implies a difficult environment for exporters.
Russia remains an important market in the global economy. The ten principles of the report are meant to help businesses mitigate risks when exporting to Russia.
Due to Brazil’s economic slump and problems along the whole domestic automotive value chain we expect both payment delays and defaults to continue to worsen markedly in the coming months.
After subsequent years of production decreases French subcontractors and suppliers have benefited from the rebound of the French and the European automotive sector.
Like other Spanish industries, the automotive sector was hard hit by the economic crisis, as lower domestic consumption and difficulty accessing financing led to a slump in the car market.
