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Japanese automotive businesses´profit margins have generally improved, mainly due to higher sales in North America.

Payment behaviour in the US automotive sector has been rather good over the past two years.

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).

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.

Economic growth is expected to continue in 2015 and 2016, although at a slower pace: by 3.0% and 2.4% respectively.

Lower construction growth and overcapacity affect the sector, but the outlook for 2016 has improved.

The outlook for the industry remains subdued, with many Smaller steel mills struggling with poor operating margins.

Competition in the sector is high, and there are clear signs of price wars as the industry is struggling with overcapacity and weaker demand.

Structural overcapacity in the industry had a negative effect on businesses´ profit margins in 2014, and this negative trend is expected to continue in 2015.

In 2015, Australian business insolvencies are expected to increase slightly by 2% as economic growth slows down and the mining industry faces mounting troubles.

The outlook for the machinery industry is promising, as the Italian economy is expected to grow 0.6% in 2015 and 0.9% in 2016 after two years of contraction.

Despite the UAE’s overall diversification, the lower oil price is expected to take its toll on economic growth.

Tunisia’s economy is expected to grow moderately in 2015 and 2016, supported by increased demand from the eurozone.

Saudi Arabia’s GDP growth is expected to slow down to 3.0% in 2015 following a growth of 3.6% in 2014.

An expected rebound in agriculture will lead to higher GDP growth in 2015, forecast to increase 4.6%. Growth is also sustained by increasing exports, mainly to the eurozone.

In 2015, Kuwait's economic growth is expected to decrease to 1.7% due to the lower oil price and decreased oil production.

Despite its growing economy, Japan faces major demographic challenges. There is an urgent need to make the labour market more flexible to achieve a sustainable rebound and boost economic performance.

The UK economy expanded by 2.6% in 2014, the fastest pace of growth since 2007. While consumer spending was the main driver, real fixed investments also increased.

The rebound of the Dutch economy is expected to accelerate in 2015, with export growth accompanied by a recovery in private consumption, industrial production and investment.

In 2015, Ireland’s economy is forecast to grow by 3.6%, backed by exports to the US and UK where demand is picking up. Private consumption is expected to increase further.