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The price of oil has stabilised, largely thanks to OPEC’s shift in policy. The market is expected to rebalance in 2018 driving up prices in the medium term.
India’s economic growth outlook for 2017 remains robust, but a rather weak banking sector and high foreign indebtedness of domestic firms remain concerns.
Despite an expected GDP growth rate of more than 5% in 2017 structural weaknesses remain, and firms are increasingly vulnerable to currency volatility.
A prudent fiscal policy has limited the consequences of low oil and gas prices, but the economy is vulnerable to a hard landing of the Chinese economy.
GDP growth is expected to remain at a level of about 6% in 2017, but growing political uncertainty could hamper business sentiment and foreign investment.
Growing competition from mainland China in the electronics sector require productivity increases and a diversification of the economy in the long-term.
High growth of more than 6% in 2017, but economic fundamentals still show some weaknesses and Vietnamese businesses suffer from limited access to capital.
Gas prices have bottomed out and Atradius expects them to increase over the period up to 2021. Demand will be more moderate, but fueled primarily by China.
While German food exports continue to increase, domestic market conditions have become increasingly difficult. Overcapacity is an issue in some segments.
Smaller food retailer and wholesalers margins remain under pressure and are expected to lose further market share, while customer behaviour is changing.
Exports are of major importance for the French food sector (especially for the beverages segment), positively contributing to the French trade balance.