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Costa Rica’s GDP growth is expected to accelerate driven by private consumption, robust private, public and foreign investment, and further export growth.

Mexico seems to be quite resilient in dealing with the uncertainty brought by the NAFTA renegotiations due to its strong economic fundamentals.

Panama´s economy is small, very open, highly diversified, fully dollarized and highly competitive by regional standards. However, challenges remain.

The US administration´s trade policy remains a downside risk, not just for trading partners, but also for the US economy itself.

The economic recovery in emerging market economies is expected to continue strengthening in 2018 and these markets could present opportunities for business.

Due tot the inability to absorb higher input costs and increased pressure on margins, both payment delays and insolvencies have increased in 2017.

The outlook for the Brazilian food sector is benign, due to an ongoing economic rebound and robust demand from China as largest food export market.

Commodity price increases have added pressure on many food manufacturers, stuck between farmers demanding higher prices and powerful retail chains.

Average payment duration in the food sector is 40 days, and the amount of payment delays and insolvencies remains low compared to other Dutch industries.

As food processors and retailers demand longer payment terms from their suppliers, a wave of longer payment terms is being created along the supply chain.