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In the current challenging economic times, it is essential for Chinese businesses focus on strengthening their customer credit risk management and debt collection processes.

Singapore’s economy is strongly dependent on international trade and highly integrated in the Asian supply chain. This makes it highly vulnerable to changes in the global trading environment

A deep recession remains a downside risk.

The oil price has plummeted since the beginning of 2020 as the coronavirus is negatively affecting demand, while oil producers are entangled in a price war.

Total investment in domestic construction decreased 4% in 2019.

Lower global trade, ongoing trade policy uncertainty, less demand from China and the ICT downcycle have an immediate impact on Singapore's export-driven economy.

Construction is a significant contributor to the Australian economy, accounting for 8.1% of GDP.

Construction activity decreased towards the end of 2019 against the backdrop of weaker economic growth and political issues (shifting Brexit deadlines and a snap general election in December).

According to Statistics Poland, output of construction and assembly works increased 2.6% in 2019.

Dutch construction contributes approximately EUR 70 billion to, and accounts for 4.5% of GDP.