Payment Practices Barometer : USMCA : huge rise in late payments as pandemic recession bites

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      <subfield code="a">The USMCA Payment Practices Barometer is an annual survey of B2B payments behaviour in the US, Mexico and Canada. This year's poll reveals a dramatic rise in the total value of overdue invoices, including a doubling of payments that are more than 90 days overdue. Although the COVID-19 containment measures have negatively impacted trade across the region and each of the USMCA countries are now in recession, business confidence among those surveyed remains high. This is in large part due to the belief that banks will continue to provide finance and t hat, u ltimately, sales and profits will continue to grow.</subfield>
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