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.