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A potential downside risk to the economic performance could be the high household debt in case of sharp house price decreases and interest rate increases.

With the rebound of economic growth, business failures are expected to decrease year-on-year in 2018, but nevertheless to remain on an elevated level.

British business insolvencies are expected to rise again in 2018, mainly affecting businesses active in the construction, retail and hospitality sectors.

The number of brick-and-mortar stores has significantly decreased - despite the fact that high street also benefits from the current sales increase.

The best way for smaller retailers to survive is to join a large purchasing association and to compete with e-commerce by providing outstanding service.

The business environment is highly competitive among the different distribution networks, reinforced by the increasing market share of online retailers.

The growing insecurity over US trade policy pushes the European Union and trading partners to speed up the completion of free trade agreement negotiations

Despite the ongoing fragility a GDP rebound is forecast in 2017, and while some industries are expected to benefit from it, others remain subdued.

De nieuwste uitgave van de (Engelstalige) Economische Update, met daarin een beeld van de huidige wereldwijde economische omgeving en de vooruitzichten door Atradius Economic Research.

Lower GDP growth of 2.5% in 2016 and government budget hit by lower oil price. Public spending is curbed in order to trim the high budget deficit.

Weak economic situation and uncertain outlook as the security situation remains tense. Inflation is high and the business sentiment remains subdued.

A modest economic rebound expected in 2016, but fiscal consolidation remains difficult. Jordan remains heavily dependent on foreign donors support.

In 2016 economic growth will decrease to 3% due to less agriculture output and decreasing exports. In 2017 GDP is expected to rebound again, growing 4.5%.

The economy still has room to absorb the oil price slump, but a long-term period of low oil prices would hurt. Economic diversification is on the agenda.

A moderate economic rebound is expected in 2016 and 2017, given that the domestic security situation will not again hurt tourism and business sentiment.

As the oil price decrease has a negative impact on government revenues and lending conditions, many businesses face liquidity issues and payment delays.

The turbulent waters that the global economy faced at the beginning of the year have calmed but the underlying issues persist.

Survey findings point to Great Britain as the country in Western Europe that is the most impacted by late payment from export customers.

Insolvencies are forecast to fall only 3% across advanced markets in 2016, the worst performance since 2012.

Business insolvencies expected to increase 6% in 2016 as the slump in the mining sector continues.