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The negative impact on global trade caused by the pandemic has undoubtedly had an effect on Taiwan’s export-driven economy. This may explain why businesses express caution about the coming months.

Hong Kong businesses brace for challenges as they begin to emerge from a tough period of economic contraction.

Indonesia’s more liberal trade credit policies in the year following the outbreak of the pandemic have led to an increase in late payments.

Businesses polled in China plan to mitigate customer credit risk associated with B2B trade through a more frequent use of trade credit insurance over the next months.

Many more businesses in Singapore than in the rest of Asia expressed liquidity concerns over the coming months.

Why strategic credit management becomes paramount as Australia prepares to face an upward trend in trade credit risk.

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.

French industries performance: upgrades for some sectors, but the credit risk for many businesses in key industries remains high.

UK trade is facing a double whammy from Brexit and Covid-19, putting particular strain on trade with the EU.

Italian economy: the 2021 rebound has led to industry performance upgrades, but the outlook for some major sectors remains subdued for the time being.

Climate change raises country risk, but offers business opportunities as well.

German industries performance: metals and steel up one notch, but still elevated credit risk for many automotive and machines businesses.

The square of the circle? Spending needed to tackle unemployment and housing issues, while fiscal curbing is urgent to avoid further rating downgrades.

The Chilean business environment remains one of the best in the region, but increased policy uncertainty could weigh on the economic outlook.

Ongoing rebound, but the credit risk situation of several industries remains strained, in particular in the construction and service sectors.

The economy is forecast to grow about 5% this year. The scope of recovery in Europe as Morocco’s main export market is playing a pivotal role.

The recent normalisation of diplomatic and trade relations between Israel and the UAE will unlock mutual trade opportunities

An economic rebound of more than 4% expected in 2021, but vulnerability to to global financial market turmoil remains an issue

Turkey's economic policy at the crossroads again, while lira volatility and high inflation remain key issues, and non-performing loans increase

As fiscal support is gradually phased out, global corporate insolvencies are forecast to increase by 26% in 2021

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

Major structural weaknesses weigh on growth prospects

Only a modest economic rebound expected in 2021 after a steep recession last year

A robust economic rebound expected in 2021, but major downside risks remain

As several vaccines have been approved and are being rolled out, we expect the global economy to rebound in 2021

After the Covid-19 pandemic sent a shockwave to the global economy, we are looking at new hope as economies are gradually reopening

The repercussions of coronavirus have hit an already weakening economy.

Heavy dependence on informal labour markets and tourism exacerbates the Covid-19 shock

Asia coped relatively well with the Covid-19 pandemic and an economic recovery is expected in 2021, though with several challenges to trade in the region

Recession softened by fiscal and monetary measures

The coronavirus pandemic and an oil price slump are a double blow to economies in the Middle East and North Africa

More businesses in Slovakia reported a negative impact on profitability than anywhere else in Eastern Europe.

Despite COVID-induced economic crisis, business confidence remains upbeat moving into 2021.

Prior to the pandemic, trade credit was used in more than 80% of B2B sales in the Czech Republic. After the virus brought most of the world to a standstill, this plummeted to about 50%.

Despite a massive increase in overdue receivables due to the pandemic, Polish industry is largely upbeat about the outlook for 2021.

COVID-19 and the following recession have had a significant impact on economies throughout the world. Greece was not the exception.

Sweden has followed its own path during the COVID-19 pandemic and, although more people are working from home than before, the country has avoided the lockdowns seen elsewhere in Europe.

Despite negative impacts of the pandemic, businesses in Ireland remain upbeat

The economic growth that Bulgaria had been enjoying last year stalled with the onset of the COVID-19 induced recession. Ongoing economic challenges are causing stress for Bulgaria-based businesses.

Widespread use of credit insurance, combined with anti-insolvency support and legislation, has helped insulate many businesses from the more negative economic impacts of the pandemic.

Late payments have surged by more than 80% in the UK following the onset of the pandemic and the subsequent recession

A considerable number of German companies still underestimate the risk of payment default in domestic business

The COVID-19 economic downturn has had a great impact on businesses in Italy. The country endured one of the longest and most stringent lockdowns in Europe.

Most businesses in Austria express confidence in 2021 domestic economy

This year’s Payments Practices Barometer survey in Western Europe was conducted during the pandemic downturn.

Businesses polled in France reported working more closely with B2B customers to develop a proactive approach to credit

As with businesses throughout the world, also industry in Eastern Europe has experienced a pandemic battering. The region, however, faces 2021 bruised but hopeful.

Businesses in Turkey are currently well-placed to rebound in 2021, although much hinges on how well the country manages both the health and economic impacts of COVID-19 through the year end.