Publications

Most businesses in the automotive sector should be financially resilient enough to cope with some minor volatility in demand or exchange rate fluctuations.

Atradius forecasts insolvencies across advanced markets to fall by 3.0% this year and 2.0% next year, particularly led by an increasingly robust recovery in the eurozone.

Trump’s threats to revise NAFTA and build a wall at the Mexican border could offer new trade opportunities for businesses in relations with Mexico.

China is rebalancing its economy away from exports and investments towards consumption. This is weighing on GDP growth of its trading partners.

GDP growth is expected to slow down to about 1.5% in 2017 and 2018, as lower revenues from oil and gas exports negatively impact government investments.

GDP growth will decrease in 2017 as sharp inflation increase restrains consumer demand, but in the medium-term the economy should benefit from reforms.

Reforms have been made to diversify the economy by developing manufacturing and providing a favourable investment environment. But stumbling blocks remain.

With the oil price well below its fiscal break-even level of around USD 78, the government still faces the challenge of keeping a tight grip on spending.

Tackling bureaucracy and reforming the tax and subsidy systems are necessary to improve the economic conditions and to reduce the high unemployment rate.

So far the UAE has weathered the global oil price slump relatively well, supported by its increasingly diversified economy and ample foreign assets.