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Due to its high dependency on international trade, South Korea is highly susceptible to global protectionism and a hard landing of the Chinese economy.
Taiwan´s economic expansion is likely to moderate in 2019 and in 2020, as both global trade growth and mainland China´s import demand have cooled down.
As many building materials are imported from the EU tariffs or limits on quantities imported after Brexit could lead to higher costs and material shortage.
The construction materials subsector clearly benefits from increased building material prices, and elevated costs are expected to persist throughout 2019.
Payment behaviour in the construction industry slowly deteriorated in 2017 and 2018, and this negative trend is expected to continue in the coming months.