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The total value of B2B sales on credit in Japan increased this year to 53.7%. Of the Asia Pacific countries surveyed, Japan was the most credit-friendly.
Private consumption is driven by wage growth while export growth is driven by Eurozone demand and the country´s improved international competitiveness.
Hungary´s economic growth is expected to rebound in 2017 and 2018 after a slowdown in 2016, but the high level of external debt remains a major weakness.
GDP is expected to grow 4.2% in 2017 and 3.7% in 2018, driven strong private consumption and rising investments including structural funds from the EU.
Despite the current rebound the long-term prospect for higher growth rates is subdued due to structural weaknesses and the negative impact of sanctions.
GDP growth is robust, but risks in the banking and corporate sectors have increased while high dependence on capital inflow remains a major vulnerability.