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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.