Due to increased costs of managing accounts receivable and a spike in late payments, most of the businesses in the United Arab Emirates are concerned about cash flow levels going forward.
One year into the pandemic, businesses polled in Asia told us they experienced serious setbacks to growth and needed to take several measures to face the changed economic and trade circumstances.
The square of the circle? Spending needed to tackle unemployment and housing issues, while fiscal curbing is urgent to avoid further rating downgrades.
Poland's economy: a solid 3.8% growth outlook in 2021 and rebound of some industries, while credit risk for transport, retail and services remains high
China's economy: a strong rebound forecast in 2021, but ongoing Sino-US trade disputes and increasing political strains with the US remain a downside risk