countries, analyses influencing factors and thus
Atradius¡¯ underwriting approach.
For Singapore,
due to slower economic growth of the city state and a higher than
expected protracted default rate, insolvencies in the construction
sector are expected to increase by about 5% in 2017. Developments
in the public construction segment versus private building
projects vastly differ and Atradius¡¯ underwriting team suggests
caution for the latter.
For Middle East countries such as the United
Arab Emirates and Saudi
Arabia, decreasing oil revenues have negatively impacted the
construction industry and will continue to do so, thus non-payments
are expected to increase further in the coming six months.
For more details, please click the respective
country names above, or read the full report here.
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