May 2019 Singapore: Businesses' cash flow impacted by higher bad debt write-offs than last year
The Atradius Payment Practices Barometer report for May 2019 reveals that Singapore's economy is vulnerable to risks stemming from an escalation of the Sino-US trade dispute and a hard landing of the Chinese economy. Despite this, the city-state benefited from robust growth in global trade last year. The report also found that the proportion of total B2B sales made on credit in Singapore has decreased over the past five years, from 60% in 2015 to 40% in 2019. The top five trading partners for Singapore are China, Malaysia, the US, Hong Kong, and Taiwan.
