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In 2018, respondents in Indonesia reported an increase in the frequency of late payment and a significant increase in overdue B2B invoices.

In 2018, respondents in Japan reported an increase in overdue B2B invoices and a longer time to convert B2B invoices into cash.

Despite improvements, the vast majority of respondents in Singapore reported frequent late payments by their B2B customers.

Changes in the average payment terms and payment delays brought an increase in Taiwan’s average payment duration which is the second highest in the region.

In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. The momentum is forecast to slow down in 2019.

In 2018 the number of Belgian business insolvencies will still be higher than the levels seen before the start of the global credit crisis in 2008.

The Danish economy has regained some of its international competitiveness due to structural reforms that addressed the issue of high labour costs.

With about 55,000 business failures recorded in 2017 the number of insolvencies was still as high as during the start of the credit crisis in 2008.

Economic expansion remains broad-based, driven by private consumption and business investments, while export growth is sustained by the eurozone demand.

The Irish economy is expected to grow by about 4% in 2018, but remains exposed to ongoing economic uncertainties stemming from the Brexit decision.