Thanks to the strong recovery seen since H2 of 2014 many of Italy’s car suppliers have registered increasing profit margins and an improvement of their financial strength.
In Slovakia, payment behaviour is generally good with a low number of non-payment notificiations, and this is expected to remain unchanged in the coming months.
Thailand´s automotive sectors is characterised by high entry barriers as the players in the market are large multinationals with strong financials and good know-how.
Economic growth in the resource-rich Brazil continues to remain under pressure due to a combination of a credit crunch, rising interest rates and weakening demand.
One in three businesses surveyed in Brazil, Canada, Mexico and the United States reported that around one-fifth of the value of their B2B receivables is more than 90 days overdue.
Inflation is expected to remain high in 2015, at around 7%, while the current account deficit is expected to remain at the same level as in 2014 (5.7% of GDP).
Growth is expected to accelerate further in 2015 and 2016, by 2.8% and 3.5% respectively, driven by continued robust domestic demand and increasing exports to the Eurozone.
The Polish economy is expected to benefit from low energy prices and the rebound in the Eurozone, with GDP expected to grow 3.5% in 2015, based on robust domestic demand and increasing exports.
The impact of the Chinese stock market crunch of this summer and the renminbi devaluation should not be overestimated. The main long-term risk is an accelerating economic slowdown.
