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Payment behaviour in the US automotive sector has been rather good over the past two years.

Economic growth in the resource-rich Brazil continues to remain under pressure due to a combination of a credit crunch, rising interest rates and weakening demand.

One in three businesses surveyed in Brazil, Canada, Mexico and the United States reported that around one-fifth of the value of their B2B receivables is more than 90 days overdue.

Inflation is expected to remain high in 2015, at around 7%, while the current account deficit is expected to remain at the same level as in 2014 (5.7% of GDP).

Growth is expected to accelerate further in 2015 and 2016, by 2.8% and 3.5% respectively, driven by continued robust domestic demand and increasing exports to the Eurozone.

The Polish economy is expected to benefit from low energy prices and the rebound in the Eurozone, with GDP expected to grow 3.5% in 2015, based on robust domestic demand and increasing exports.

Economic growth is expected to continue in 2015 and 2016, although at a slower pace: by 3.0% and 2.4% respectively.

Due to robust domestic demand and benign economic conditions in the Eurozone, Czech GDP is expected to grow 3.0% in 2015 and 3.1% in 2016.

The impact of the Chinese stock market crunch of this summer and the renminbi devaluation should not be overestimated. The main long-term risk is an accelerating economic slowdown.

The tubular goods segment is hit hard by the end of the oil boom, with insolvencies expected to increase.

Decreasing profitability due to foreign exchange losses and rising insolvencies.

Higher domestic steel consumption, but exchange rate volatility is expected to cause more payment delays.

Lower construction growth and overcapacity affect the sector, but the outlook for 2016 has improved.

A rebound driven by construction recovery, but increased foreign competition affects businesses´ margins.

The outlook for the industry remains subdued, with many Smaller steel mills struggling with poor operating margins.

Land acquisition issues in setting up greenfield projects, delays in environmental clearances, logistics support and external financing remain major issues

German steel producers and distributors are facing structural challenges, as lower steel prices and competition from Asia hit margins.

Insolvencies have decreased in 2014 and are expected to level off in 2015. The insolvency level in this segment is quite low.

Competition in the sector is high, and there are clear signs of price wars as the industry is struggling with overcapacity and weaker demand.

Structural overcapacity in the industry had a negative effect on businesses´ profit margins in 2014, and this negative trend is expected to continue in 2015.