Many long-standing retail chains are highly indebted, often from leveraged buyouts led by private equity firms, while investors reconsider further lending.
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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.