Despite improvements, the proportion of overdue B2B invoices and that of uncollectable B2B receivables in Hong Kong remain some of the highest in Asia Pacific.
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Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
Robust sales have kept profit margins of car producers and suppliers stable, and these are expected to maintain their current level in the coming months.
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.
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.