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Private consumption is driven by wage growth while export growth is driven by Eurozone demand and the country´s improved international competitiveness.

Hungary´s economic growth is expected to rebound in 2017 and 2018 after a slowdown in 2016, but the high level of external debt remains a major weakness.

Despite further growth, Poland is susceptible to a potential end of the Eurozone recovery. Adverse economic policies could dampen investor sentiment.

GDP is expected to grow 4.2% in 2017 and 3.7% in 2018, driven strong private consumption and rising investments including structural funds from the EU.

Despite the current rebound the long-term prospect for higher growth rates is subdued due to structural weaknesses and the negative impact of sanctions.

Growth is expected to remain above 3% in 2017 and 2018, but the economy remains vulnerable to adverse developments in the automotive sector.

GDP growth is robust, but risks in the banking and corporate sectors have increased while high dependence on capital inflow remains a major vulnerability.

In 2017, 92.7% of respondents in Brazil reported late payments from their domestic B2B customers and 86.5% in respect to their foreign B2B customers.

After a minor increase from 47.6% in 2015 to 48.4% in 2016, the percentage of overdue B2B invoices appears to be flattening out, rising to 48.8% in 2017.

The short-term outlook remains satisfying, but Brexit will surely have a major impact on domestic car sales and British car exports in the mid-term.