Publications et études

L’escalade du différend commercial sino-américain, en particulier les restrictions imposées par les USA sur les fournisseurs de Huawei, affectera sûrement certaines entreprises taïwanaises du secteur.

Les marges de nombreuses entreprises du secteur demeurent stables mais serrées, en particulier dans le sous-secteur du commerce de gros et de détail des TIC.

Conformément à la bonne tenue de l’économie, la valeur ajoutée des TIC a augmenté de 3,6% en 2018 et devrait progresser de 3% environ en 2019, en dépit du ralentissement économique prévu.

L’expérience des paiements au cours des 2 dernières années a été satisfaisante jusqu’à ce jour et le niveau des paiements prolongés et des faillites demeure faible comparativement à d’autres secteurs.

Au second semestre de 2019, les faillites devraient se stabiliser à un niveau élevé, tandis que les délais de paiement devraient encore augmenter.

World trade growth stagnated in Q1 amid the escalating trade war. While we expect some recovery in 2019, further escalation of the trade war could grind growth to a halt.

European pro-trade policy likely to stay in place after the European elections

In 2019 Austrian economic growth is expected to decelerate after a robust performance in 2018, mainly due to weaker external demand and lower investment.

Swiss economic growth is expected to slow down in 2019, as external demand from the Eurozone and the US has weakened and investment growth decreases.

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

A potential downside risk to the economic performance could be the high household debt in case of sharp house price decreases and interest rate increases.

In 2019 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 Irish economy is expected to grow by about 2.5% in 2019, but remains exposed to ongoing economic uncertainties stemming from the Brexit decision.

Household consumption is sustained by rising employment, higher wages and low interest rates, while lower financing costs support business investments.

In 2019 Dutch export performance is impacted by lower demand from France and Germany, the ongoing Brexit issue and increased global trade uncertainty.

Due to economic stagnation, political uncertainty and tighter credit conditions business insolvencies are forecast to increase by more than 5% in 2019.

British business insolvencies are expected to increase by more than 5% in 2019, mainly affecting businesses active in the construction and retail sectors.

With more than 55,000 business failures expected in 2019, the number of insolvencies will still be as high as during the start of the 2008 credit crisis.

After several years of annual decreases, German business insolvencies are expected to increase again in 2019 as the economic expansion slows down.

Businesses in Singapore expect DSO to deteriorate over the coming months. Read the complete overview of corporate payment practices by sector.