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The rapid spread of Covid-19 across the globe is taking a heavy economic toll on both advanced and emerging economies. Lockdowns reduce consumption opportunities and create supply-side shocks.
Hong Kong businesses strengthened their credit risk management processes in order to better handle the risk of liquidity constraints due to the pandemic-induced economic crisis.
In the current challenging economic times, it is essential for Chinese businesses focus on strengthening their customer credit risk management and debt collection processes.
Singapore’s economy is strongly dependent on international trade and highly integrated in the Asian supply chain. This makes it highly vulnerable to changes in the global trading environment
The oil price has plummeted since the beginning of 2020 as the coronavirus is negatively affecting demand, while oil producers are entangled in a price war.
Lower global trade, ongoing trade policy uncertainty, less demand from China and the ICT downcycle have an immediate impact on Singapore's export-driven economy.
Construction activity decreased towards the end of 2019 against the backdrop of weaker economic growth and political issues (shifting Brexit deadlines and a snap general election in December).
According to the national association of construction companies (ANCE), in 2019 construction investment increased 1.7% year-on-year, to about EUR 130 billion.
Growth of French GDP is expected to slow down further in 2020, and the outlook for the construction sector is rather subdued across all major segments.