Aruanded

The economy still has room to absorb the oil price slump, but a long-term period of low oil prices would hurt. Economic diversification is on the agenda.

A moderate economic rebound is expected in 2016 and 2017, given that the domestic security situation will not again hurt tourism and business sentiment.

As the oil price decrease has a negative impact on government revenues and lending conditions, many businesses face liquidity issues and payment delays.

The turbulent waters that the global economy faced at the beginning of the year have calmed but the underlying issues persist.

Survey findings point to Great Britain as the country in Western Europe that is the most impacted by late payment from export customers.

Insolvencies are forecast to fall only 3% across advanced markets in 2016, the worst performance since 2012.

Business insolvencies expected to increase 6% in 2016 as the slump in the mining sector continues.

Economic growth forecast to slow down to 6.3% in 2016, but no hard landing expected for the time being.

External indebtedness poses a risk to Indonesian businesses, and economic growth is slowing down further.

Slow pace of economic recovery, with GDP expected to grow 1% in 2016, and inflation remaining stubbornly low.