Aruanded

A potential downside risk would be another deterioration in house prices, given high levels of mortgage debt and banks’ exposure to the housing market.

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.

With the rebound of economic growth, business failures are expected to decrease year-on-year in 2018, but nevertheless to remain on an elevated level.

British business insolvencies are expected to rise again in 2018, mainly affecting businesses active in the construction, retail and hospitality sectors.

The number of brick-and-mortar stores has significantly decreased - despite the fact that high street also benefits from the current sales increase.

The best way for smaller retailers to survive is to join a large purchasing association and to compete with e-commerce by providing outstanding service.

The business environment is highly competitive among the different distribution networks, reinforced by the increasing market share of online retailers.

The growing insecurity over US trade policy pushes the European Union and trading partners to speed up the completion of free trade agreement negotiations

By raising tariffs on steel and aluminium the US president has proudly delivered on a campaign promise. US steel and aluminium producers gain, but it comes at the expense of US metal consuming firms.

The global economy is in a sweet spot of broad-based economic growth and low interest rates, but we expect this to be bottoming out in 2018.

Despite higher prices, debt levels continue to rise in many energy exporters. Now is no time for complacency.

The economic recovery in emerging market economies is expected to continue strengthening in 2018 and these markets could present opportunities for business.

Global economic momentum, which began picking up in H2 of 2016, has solidified through the year. However, now is not a time for complacency.

GDP growth is expected to slow down to about 1.5% in 2017 and 2018, as lower revenues from oil and gas exports negatively impact government investments.

Despite the ongoing fragility a GDP rebound is forecast in 2017, and while some industries are expected to benefit from it, others remain subdued.

De nieuwste uitgave van de (Engelstalige) Economische Update, met daarin een beeld van de huidige wereldwijde economische omgeving en de vooruitzichten door Atradius Economic Research.

Lower GDP growth of 2.5% in 2016 and government budget hit by lower oil price. Public spending is curbed in order to trim the high budget deficit.

Weak economic situation and uncertain outlook as the security situation remains tense. Inflation is high and the business sentiment remains subdued.

A modest economic rebound expected in 2016, but fiscal consolidation remains difficult. Jordan remains heavily dependent on foreign donors support.

In 2016 economic growth will decrease to 3% due to less agriculture output and decreasing exports. In 2017 GDP is expected to rebound again, growing 4.5%.