Post by Coface

Highlights | #AsiaPacific : #COVID_19 will overturn last year’s incipient #recovery 🌎 Find out more in our latest #APAC report : https://lnkd.in/eg8mVXs 📈 The 2020 edition of Coface’s Asia Pacific corporate payment survey interviewed 2,595 companies across 13 sectors in 9 economies. The majority of respondents (48%) stated that the main driver behind the increase in payment delays was customers’ financial difficulties. These difficulties were, in turn, brought about by fierce competition impacting margins (41%) and lack of financing resources (22%). With weaker growth momentum in 2020, this does not bode well for companies, especially those in economies and sectors where risks have been piling up in recent years. #CofaceAsiaPacific Bhupesh Gupta Chris Little Benoit Ganzmann Joe Louie bhavesh patel Chrisna Sudarma Shinkichi Hayashi Jinhak Ryu Agnes Chan Graham Crozier Yu-Li Chang Thiti Musuwan Anh Vo Carlos Casanova Evelyne Banh (彭寶儀) #Asia #Australia #China #HongKong #Taiwan #India #Japan #Malaysia #Singapore #Thailand #economy #global #payment #paymentdelay #pandemic #insolvencies #recession #bankruptcy #GDP #cashflow #transport #energy #construction

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