Publications

Financial conditions in Turkey will be tighter in the coming months.

Economic expansion in Bulgaria is expected to lose some momentum in 2019, but should remain strong at above 3%, spurred by robust household spending, strong wage growth and an improving labour market

Economic growth in Hungary gained momentum recently, with real GDP gains expected to reach 4.4% this year.

Iran continues to demonstrate economic resilience but prospects for integration into the world economy remain far off.

Argentina has introduced currency controls to stabilise peso in the run-up to elections.

The amount of suppliers facing insolvency will increase further in the coming 2-3 years, as many will find it hard to adapt to changing market conditions.

Many German Tier 2 suppliers face the issue that their products are easily substitutable, while their solvency and equity position is generally weak.

Any imposition of import tariffs on cars/car parts would severely impact suppliers in the Tier 2 segment where many businesses already show thin margins.

Small basic component parts producers often suffer from poor equity, while at the same time they face increasing difficulties obtaining bank finance.

While the automotive insolvency level has been low compared to other industries in the past, an increase of up to 3% is expected in the coming 12 months.