06/22/2022
Economic Publications
Four months after the start of hostilities in Ukraine, what initial lessons can be drawn ?
As the horizon continues to darken, the risks are naturally bearish and no scenario can be ruled out.
Read our full publication.
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06/20/2022
Economic Publications
The latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.
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06/20/2022
Economic Publications
Coface's assessments of 13 major global sectors are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. These assessments are based on Coface’s expertise and payment experience data, external financial data forecasts (quantiles), and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).
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06/17/2022
Economic Publications
Insolvency trends in the Central and Eastern European (CEE) region have been subject to various economic conditions, support measures and legal changes over the last two years. Indeed, the Covid-19 pandemic that triggered the economic downturn and officially implemented lockdowns brought concerns not only for the macroeconomic activity but also the companies’ payment liquidity.
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05/26/2022
Economic Publications
In the short run, all sectors for which Coface publishes sector risk assessments in six regions worldwide will be impacted by the knock-on effects of Russia’s invasion of Ukraine.
Which ones would be the most resilient sectors? Read our full study now!
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05/11/2022
Economic Publications
Coface’s China Corporate Payment Survey 2022, in which 1,000 companies participated, shows that fewer firms encountered payment delays in 2021, but those that did reported longer periods of overdue payments than in the previous year. (...)
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05/10/2022
Economic Publications
More than two months after the start of the war in Ukraine, prospects for a rapid resolution of the war seem increasingly unlikely.
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03/08/2022
Economic Publications
In this Focus, the Coface Economic Research team examines the economic consequences of the Russia-Ukraine conflict, rising commodity prices in particular.
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02/23/2022
Economic Publications
Poland Corporate Payment Survey 2022: Return to normality – unwinding support programs, longer payment delays. The sixth edition of Coface’s survey on payment experience in Poland was carried out in November and December 2021 with 331 companies participating in the study.
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02/17/2022
Economic Publications
The global recovery continues in 2022, but a bumpy road lies ahead.
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02/16/2022
Economic Publications
The latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.
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02/16/2022
Economic Publications
Coface's assessments of 13 major global sectors are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. These assessments are based on Coface’s expertise and payment experience data, external financial data forecasts (quantiles), and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).
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01/18/2022
Economic Publications
Morocco Corporate Payment Survey: shortened payment delays in 2021. During the second quarter of 2021, Coface conducted its fifth survey on the payment behaviour of 380 companies in Morocco, with the objective to monitor the evolution of payment terms and delays.
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10/26/2021
Economic Publications
Supply chain and inflation headwinds hamper the global recovery
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10/25/2021
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 162 countries assessed by Coface.
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10/25/2021
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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10/05/2021
Economic Publications
The trade relationship between China and Latin America has expanded considerably over the past two decades, gradually standing out (compared to the United States) as an important market for the region’s exports.
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09/28/2021
Economic Publications
The COVID-19 pandemic affected global retail activity through social distancing measures and store closures. Our Focus looks at varying effects across segments, as well as the outlook for the global retail sector.
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09/21/2021
Economic Publications
While the restrictions linked to the COVID-19 pandemic put a stop to the resurgence of social movements, a new wave is on the horizon. The resurgence of mass protests, which had already been strong since 2017, mainly in emerging countries, is expected to accelerate again.
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09/14/2021
Economic Publications
For the second consecutive year, although Germany experienced a strong recession, the number and duration of payment delays in the country both decreased. Learn more in the fifth edition of our Germany Corporate Payment Survey.
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09/07/2021
Economic Publications
Middle East & Turkey economist Seltem Iyigun investigates the perspectives for the United Arab Emirates following the coronavirus pandemic in this Coface Focus.
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07/26/2021
Economic Publications
Metals used in electric vehicles are in high demand, as these cars at the forefront of a revolution in the automotive industry. Stringent regulations, States’ support schemes, and customers’ willingness to buy and own EV are bolstering demand for these vehicles. However, imbalances between supply and demand are pushing prices higher, while EV market shares have not overtaken that of traditional engines.
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07/08/2021
Economic Publications
Global GDP growth rate for 2021 revised upwards; Coface forecasting model indicates an 11% growth in world trade for this year.
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07/08/2021
Economic Publications
Coface's assessments of 13 major global sectors are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. These assessments are based on Coface’s expertise and payment experience data, external financial data forecasts (quantiles), and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).
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07/08/2021
Economic Publications
The latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.
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07/05/2021
Economic Publications
More companies in Asia Pacific offered credit facilities in 2020 as competition intensified amid the challenging economic conditions brought on by the COVID-19 pandemic.
However, firms had different responses to credit management despite facing similar economic shocks. Find out about them in our latest publication on Asia Pacific.
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06/29/2021
Economic Publications
The cultural changes the pandemic has brought will continue to shape the economy for years to come. Among these, the normalization of remote work is one of the most consequential. If it can be done from home, could it be done from abroad?
Check the risks and opportunities of virtual offshoring in our latest Focus by Marcos Carias our economist for Southern Europe and Coline Louis, Junior Economist.
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05/26/2021
Economic Publications
Coface’s 2021 China Corporate Payment Survey shows that payment terms shortened by 11 days on average in 2020, falling to 75 days, while the distribution of credit terms leaned towards a shorter rather than longer period.
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05/11/2021
Economic Publications
Coface's Northern Europe economist, Christiane von Berg, examines Germany's "hidden insolvencies" in our Focus.
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04/27/2021
Economic Publications
The United States leads the race to global recovery, emerging markets lag behind.
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04/13/2021
Economic Publications
The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing trade restrictions on a number of Australian exports. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia.
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04/06/2021
Economic Publications
In our latest Focus on the United States, Coface's North America economist, Ruben Nizard, analyzes the economic legacy that President Joe Biden's administration must now manage.
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03/23/2021
Economic Publications
In France, the number of corporate insolvencies in January 2021 fell by 38% year-on-year – exactly the same drop as in 2020. Although the economic & health crisis has not affected all sectors the same way, insolvencies have fallen significantly across the board. However, taking into account government support measures and the drop in turnover by sector, insolvencies in France should have risen by 6.5% in 2020. Learn more about 2020’s “hidden insolvencies” in our Focus.
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03/16/2021
Economic Publications
Normally, insolvencies rise when the economy contracts. Yet, in 2020, insolvencies fell in all major eurozone economies. It is safe to assume that government support is keeping many fragile firms alive – are we therefore seeing the “calm before the storm”, with a wave of insolvencies around the corner?
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03/11/2021
Economic Publications
The COVID-19 pandemic’s negative impact on global GDP growth and trade volumes caused a sharp decline in oil prices. Coface expects oil prices to remain volatile in the upcoming quarters. Read our forecasts in our latest Panorama.
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02/16/2021
Economic Publications
The fifth edition of Coface’s survey on corporate payment experience in Poland was carried out in November 2020, with 330 companies participating in the study, by Grzegorz Sielewicz, Coface Economist for Central & Eastern Europe.
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02/11/2021
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 162 countries assessed by Coface.
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02/11/2021
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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02/08/2021
Economic Publications
In spite of a gradual recovery, political risks are on the rise.
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10/07/2020
Economic Publications
In spite of a gradual recovery, political risks are on the rise
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10/01/2020
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 70 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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09/15/2020
Economic Publications
COVID-19 and its effects on the global and German economy is the predominant topic of this fourth edition of Coface’s survey on corporate payment experience in Germany.
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09/08/2020
Economic Publications
Despite the COVID-19 pandemic, the renewables segment of the global energy sector has continued its ascension.
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09/01/2020
Economic Publications
More payment delays alongside COVID-19 for Dutch companies
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07/23/2020
Economic Publications
The COVID-19 crisis has triggered a discussion on increasing supply chain resilience to foreign supply shocks.
Before the pandemic’s arrival in Europe, a lockdown of factories that temporarily suspended manufacturing in China put the supply of intermediary goods at risk. In order to limit such risks, supply chain managers are likely to diversify their sources of supply.
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07/16/2020
Economic Publications
The COVID-19 pandemic has triggered a mobility crisis, mainly because of physical distancing requirements and the necessity to avoid confined spaces, in order to limit the virus’ propagation. This has had a disastrous impact on the global transport sector, with air passenger transport being the most affected segment.
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07/15/2020
Economic Publications
The COVID-19 pandemic has hit the United States (U.S.) very hard, inflicting a heavy human and economic toll.
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07/02/2020
Economic Publications
Coface’s annual Asia Corporate Payment Survey evaluates the payment behaviour of companies across nine economies in Asia Pacific.
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06/29/2020
Economic Publications
Spain and Italy will be amongst the economies hardest hit by COVID-19, contracting by 12.8% and 13.6% respectively in 2020, according to Coface’s forecasts. Taking a closer look at the health of Spanish and Italian corporate balance sheets should help identify pockets of vulnerability where widespread defaults are more likely to materialize.
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06/18/2020
Economic Publications
The economic consequences of the COVID-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in a fall in consumption because of mobility restrictions. The decline in revenues has deteriorated companies’ cash positions, fostering an increase in payment delays – and, ultimately, payment defaults.
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06/09/2020
Economic Publications
From a massive shock to a differentiated recovery
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06/09/2020
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 162 countries assessed by Coface.
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06/09/2020
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 70 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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06/02/2020
Economic Publications
In the context of weaker activity in China due to the health crisis, Coface’s latest survey on business payments in China shows a deterioration in payment behaviour in 2019. 66% of surveyed companies reported payment delays. The length of payment delays remained stable at 86 days in 2019. Nevertheless, sectors that have been hit the most by lockdown measures will have to delay payments in order to survive in 2020 and the number of corporate insolvencies should increase (...)
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05/28/2020
Economic Publications
In the midst of the COVID-19 pandemic, global trade has been dragged down by numerous factors. However, as tight border controls begin to ease and producers begin to adapt, the good news is that global value chains still have a bright future.
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04/29/2020
Economic Publications
While the focus, so far, has mainly been on China, Europe and the United States, the consequences of the COVID-19 pandemic are likely to be even more severe in emerging economies.
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04/15/2020
Economic Publications
China will likely miss its 2020 growth target due to the impact of the coronavirus pandemic on the global economy.
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04/06/2020
Economic Publications
COVID-19: heading towards a sudden global surge in corporate insolvencies
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03/05/2020
Economic Publications
Despite the economic slowdown, Coface’s latest survey on business payments in Poland shows that payment delays have systematically shortened since 2017 - but the impact of the coronavirus epidemic on the Polish economy remains to be seen.
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02/04/2020
Economic Publications
World trade in the face of political and environmental change.
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02/04/2020
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 161 countries assessed by Coface.
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02/04/2020
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 70 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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12/10/2019
Economic Publications
The global auto sector is facing several challenges including enhanced and stricter regulations against environmental risks in the context of a slowdown of the global economy.
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12/10/2019
Economic Publications
Corporate insolvencies fell by 3.3% in France during the first ten months of the year. After a difficult first quarter, due in particular to the repercussions of the “yellow vest” movement, they have been steadily declining since May 2019. As a result, the number of corporate insolvencies is expected to decline over the full year, for the fourth consecutive time. However, Coface expects a slight rebound of insolvencies in 2020 (+0.9%), for around 52,000 proceedings, mainly due to the expected slowdown in the construction sector that was largely driven by public works in 2019.
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10/29/2019
Economic Publications
This is the third edition of Coface’s survey on payment experience in Germany, done this summer, with 442 participating companies located in Germany. Our survey highlights that Germany is in a changing phase. The pressure on companies due to international competition is getting stronger. This is one of the reasons why German companies have increased their average credit period from 29.8 days to 35.9 days between 2017 and 2019.
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10/22/2019
Economic Publications
The agri-food sector (alongside the ICT sector), has been at the heart of the global trade war, aggravated by the fact that China’s retaliation measures have often targeted US soybean imports. As a consequence, the US agri-food sector, notably American soybean exporters are negatively impacted by this situation.
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10/21/2019
Economic Publications
As usual, many political events marked the summer: another episode of the Argentine exchange rate crisis, an unexpected change of government in Italy, major demonstrations in Hong Kong and Russia, an ever more challenging continuation of the “Brexit” process and an attack on oil installations in Saudi Arabia.
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10/21/2019
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 161 countries assessed by Coface.
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10/21/2019
Economic Publications
13 major sectors assessed worldwide. Coface assessments are based on 70 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. 5 financial indicators are taken into account: turnover, profitability, the net debt ratio, cashflow, and claims observed by our risk managers.
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09/24/2019
Economic Publications
In 2018, the Netherlands were the sixth-largest goods exporter in the world. In the service-exports category, the Dutch placed eighth in 2015. Considering exports relative to GDP, the Netherlands took third place in 2015 (right behind Ireland and Switzerland). However, times have changed...
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08/05/2019
Economic Publications
Despite improving economic performances across the Gulf Cooperation Council (GCC), monetary and financial conditions remain tighter compared with before 2015. Access to financing remains one of the key issues for companies, particularly for small- and medium-sized enterprises (SMEs). Loan growth in the region has recovered somewhat thanks to higher oil prices, but it remains below its historical average.
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07/15/2019
Economic Publications
The first part of 2019 was marked by the decline in world trade, which will decrease in volume over the year as a whole according to our forecasts (-0.7%), despite a slight recovery expected in the second half of 2019.
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07/09/2019
Economic Publications
Trade wars, volatile global capital flows, slowing growth in the United States (U.S.) and Europe, Brexit — businesses in the Asia-Pacific (APAC) region had to navigate a number of political, economic, and financial pitfalls last year. To better understand the impact that such events have on companies, Coface conducts annual corporate payment surveys across the world. The 2019 Asia-Pacific Corporate Payment Survey covers nine economies in the APAC region. For the survey, data was collected from over 3,000 companies during the fourth quarter of 2018.
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07/04/2019
Economic Publications
Africa has seen a bevy of political events in recent months. After the deterioration of the security situation in the Sahel, as well as the forced departures of historical leaders from Algeria and Sudan via the streets, where will the political risks manifest in the second half of the year?
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07/04/2019
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 161 countries assessed by Coface.
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06/19/2019
Economic Publications
The energy industry is quickly evolving: as renewable energy sources increase in popularity compared to fossil fuels, their costs are plummeting. New forms of electricity conservation have recently become the focal point of widespread international attention, resulting in heavy investment and research. Furthermore, natural gas is increasingly losing its reputation as a cleaner energy source in the battle against climate change, as it pollutes more than renewable alternatives.
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06/18/2019
Economic Publications
During the first quarter of 2019, Coface conducted its fourth survey on businesses’ payment experience in Morocco. This survey aims to monitor the evolution of payment terms and delays. The payment behaviour reflects the evolution of both the economic situation and of the business environment.
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05/29/2019
Economic Publications
During the first four months of 2019, the rate of corporate insolvencies in France increased by +0.8%. This rate was particularly high during January and February, mainly due to the repercussions of the "gilets jaunes" (yellow vests) movement; however, the increasing rate of insolvencies declined in March and April. Nonetheless, Coface anticipates that, despite resilient economic growth, insolvencies will increase by +1.7% over the whole of 2019 (…)
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05/21/2019
Economic Publications
China has rapidly become a big player in 5G technology, thanks to the government’s strategy and its support of high investment in Research and Development (R&D). This new technology is part of the Made in China 2025 initiative, through which the Chinese government targets self-sufficiency in high-end industries. China coordinated its approach to 5G and some successes are already visible. For example, 40% of global patents for current 5G network standards are from Chinese firms. Moreover, Chinese companies are set to benefit from 5G. Huawei is the global leader in network infrastructures; it currently holds 29% of the market (...)
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05/09/2019
Economic Publications
The luxury market is unique, mainly due to the fact that its products are consumed for social distinction. This has helped companies in the segment to outperform other sector-segments over the past years. Nevertheless, the luxury market is facing important challenges, notably regarding counterfeit products, a risk for companies, and e-commerce, which is disrupting how business is conducted. In addition, the market is not immune to challenging economic conditions. Global economic activity is currently experiencing a slowdown: Coface forecasts a global GDP growth rate of 2.9% in 2019 after 3.2% in 2018, and this will have an impact on some luxury products. Looking ahead, the rise of emerging markets’ middle classes – especially in China – presents great opportunities. Despite global economic slowdown, we are therefore expecting the luxury retail market overall to be resilient, notably benefiting from the rise of Chinese consumers’ appetite for luxury.
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04/24/2019
Economic Publications
Central Asia is both a partner and a trade gateway for China and Europe. It is located on two branches of the New Silk Road. Despite criticism, China is the most involved in the development of Central Asian corridors. This deployment is not obvious given the competition from other routes and poor regional cooperation. While Russian influence remains significant through expatriate remittances, its military bases, and culture, it is being supplanted by China in economic matters.
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04/24/2019
Economic Publications
Signs of the global economic slowdown continued to accumulate at the beginning of 2019: companies are much less confident than a year ago, and global trade is showing signs of fatigue.
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04/24/2019
Economic Publications
New edition of the country risk map. Consult, download and print the map of the 161 countries assessed by Coface.
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04/24/2019
Economic Publications
Infographics - Sector risk assessments
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04/09/2019
Economic Publications
When Narendra Modi ran for Prime Minister in 2014, he pledged to boost the competitiveness of India’s industrial sector to promote growth. Five years later, the economy is in a better position, but many of the structural fragilities that Modi inherited continue to afflict India today.
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04/03/2019
Economic Publications
In the context of a global oil market that is likely to remain volatile, the two largest Latin American economies – Brazil and Mexico – are expected to implement significant changes in their energy policies in the medium term. Both countries have appointed new presidents in the last year following polarised elections: in Brazil the right-wing president Jair Bolsonaro took office in January 2019, while December 2018 saw the arrival of left-wing André Manuel Lopez Obrador (AMLO)1. Similarly, the two oil industries share two main common features: their state-owned companies have experienced significant financial and governance issues, and both countries are crude oil exporters and net oil derivative importers. Conversely, in terms of energy policies, they appear to be taking opposite directions.
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03/14/2019
Economic Publications
The Chinese economy experienced some challenges in 2018 . Corporate bond defaults in US dollars quadrupled, reaching an amount of USD 16 billion, while the number of bankruptcy cases settled through the Supreme Court of the People’s Republic of China spiked to 6,646 (...)
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02/26/2019
Economic Publications
Turkey is experiencing a severe economic slowdown, coupled with a jump in inflation, as a result of the sharp depreciation of the lira during 2018.
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02/05/2019
Economic Publications
Despite the many obstacles in its path (diverse and varied political risks, high volatility of commodity prices, supply constraint s in advanced economies, to name but a few), world growth in 2018 managed to sustain its 2017 rate (3.2%)
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02/05/2019
Economic Publications
Infographics - Sector risk assessments
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02/05/2019
Economic Publications
Country risk assessment map - January 2019
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12/20/2018
Economic Publications
Asia has been under pressure following from tighter global liquidity in 2018, led by a rapid pace of interest rate hikes by the Federal Reserve (Fed) of the Unites States (US) (...)
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11/27/2018
Economic Publications
The third quarter of 2018 marks a turning point for companies in France: for the first time in two years, insolvencies increased by 2.3% compared to the same quarter of the year previous (...)
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11/19/2018
Economic Publications
when considering risk in the Chinese economy, a lot of the discussion has focused on large State-Owned Enterprises (SOEs), or large private conglomerates (...)
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11/06/2018
Economic Publications
Wind energy undoubtedly has a bright future, with many countries around the world eager to develop this source (...)
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10/25/2018
Economic Publications
The United Arab Emirates (UAE) has the second largest and the most diversified economy in the Gulf Cooperation Council (GCC) (...)
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10/10/2018
Economic Publications
The past quarter has been marked by a continued rise in oil prices and capital outflows from emerging markets (...)
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10/09/2018
Economic Publications
160 countries under the magnifying glass
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10/09/2018
Economic Publications
13 major sectors assessed worldwide
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10/09/2018
Economic Publications
While policies to open up trade have been a standard feature since the creation of the World Trade Organization (WTO) in 1995, the 2008-2009 crisis proved a turning point (...)
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09/17/2018
Economic Publications
Political risks in Asia have increased, according to Coface’s Political Risk Model (...)
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08/17/2018
Economic Publications
With Greece about to pull out of its third bailout package, signs of economic recovery are multiplying: 2017 was a year marked by the return of positive growth (+1.4%), and - despite weakening growth in the eurozone - Greek GDP growth is expected to be close to 2% in 2018, with Greek households and businesses remaining more optimistic in the first half of the year than in 2017.
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07/18/2018
Economic Publications
Coface’s 2018 Asia Corporate Payment Survey covers nine economies. Data collection took place during the fourth quarter of 2017, and valid responses were collected from almost 3,000 companies. Respondents in Asia were under pressure to further extend their payment terms (...)
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06/21/2018
Economic Publications
Feels like déjà vu : Rising sovereign spreads in the eurozone, increased protectionism, higher oil prices, capital outflows from major emerging countries.
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06/21/2018
Economic Publications
13 major sectors assessed worldwide
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06/21/2018
Economic Publications
160 countries under the magnifying glass
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06/20/2018
Economic Publications
The loss of French influence is not only attributable to China: other major emerging countries, as well as some European neighbours, have entered the African market.
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06/01/2018
Economic Publications
The most-widely traded base and ferrous metals have benefitted from a bull market since mid-2016 (...)
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05/24/2018
Economic Publications
This is the fi rst corporate payment survey in Turkey aiming at indicating how payment terms stand in different sectors, how companies manage credi t management practices and evaluate future payment experience (...)
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05/23/2018
Economic Publications
Latin America has experienced a diffi cult period since 2014. The slump in commodity prices has impacted activity via several channels (...)
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05/14/2018
Economic Publications
Despite regional conflicts, the 2007-08 financial crisis, and the 2009-11 eurozone crisis, Western Balkans countries have developed a close economic proximity with the European Union via a number of regional and bilateral agreements. However, due to institutional, economic, and diplomatic obstacles, accession to the EU will be a long process. At the same time, due to the region’s strategic importance and with the reinforcement of membership conditions, accession (or a pre-accession status) is likely to happen – especially as membership would divert the region from other
interested parties (Russia, China).
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04/24/2018
Economic Publications
The exchange rate risk is still relevant on the African continent, as evidenced by the depreciation of the Angolan kwanza by more than 30% since the partial liberalisation of the exchange rate regime in January 2018.
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04/10/2018
Economic Publications
13 MAJOR SECTORS ASSESSED WORLDWIDE
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04/10/2018
Economic Publications
160 countries under the magnifying glass
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04/10/2018
Economic Publications
The leading Western economies continued to perform well during the first quarter of 2018. The United States (US) economy is expected to remain robust this year, with a GDP growth forecast of 2.3%.
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04/10/2018
Economic Publications
Integration is slowly declining in the mediterranean. Nevertheless, new trade routes have opened.
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04/10/2018
Economic Publications
More intra-mediterranean agreements. New bilateral trade flows are emerging
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04/03/2018
Economic Publications
The Chinese economy staged a comeback in 2017. GDP ticked up from 6.7% in 2016 to 6.9% in 2017, favoured by strong demand, as well as loose monetary and fiscal policy settings. As a result, risk managers have become more complacent, both in terms of their economic expectations and their risk management procedures.
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03/29/2018
Economic Publications
With the ongoing wave of elections in the Central and Eastern Europe region, CEE countries are experiencing a key period of change in a context of political risk and economic acceleration (...)
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03/13/2018
Economic Publications
China has undoubtedly modelled itself as the new champion of globalisation. Nowhere is this felt more strongly than in Asia. (...)
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03/07/2018
Economic Publications
The number of corporate insolvencies in France has continued to decline at the beginning of 2018: -8.3% year-on-year to end of January (...)
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03/06/2018
Economic Publications
The second edition of Coface’s survey on payment experiences in Poland was carried out in December 2017 (...)
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02/27/2018
Economic Publications
The Mexican automotive industry has experienced strong growth since the signing of the North American Free Trade Agreement (NAFTA) in 1993. (...)
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01/23/2018
Economic Publications
13 major sectors assessed worldwide. Every quarter, Coface reviews the assessments of 13 sectors throughout 24 countries in 6 major regions in the world (representing approximately 85% of global GDP).
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01/23/2018
Economic Publications
Download the Coface handbook about Country & Sector risks 2018. Tools for identifying, assessing and monitoring the risks businesses are facing.
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01/23/2018
Economic Publications
160 countries under the magnifying glass
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12/20/2017
Economic Publications
Turkey’s economy grew substantially during the first three quarters of 2017, surging by 7.4% compared to a year earlier (...)
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12/12/2017
Economic Publications
The agrofood industry is facing a number of challenges in Europe1, including the central issue of how to share created value.
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12/12/2017
Economic Publications
Strength of organic companies and consumption growing faster than supply
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11/27/2017
Economic Publications
Coface carried out its second payment survey for Germany this year, making it possible to compare results between the two surveys (...)
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11/24/2017
Economic Publications
Business proceedings aimed at insolvencies and restructuring have been on rise in Poland this year.
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11/20/2017
Economic Publications
The UK automotive industry is entering a dry period. The voices of the main UK industry representatives and their concerns regarding the negative effects of a potential hard Brexit appear to remain unheard (...)
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11/08/2017
Economic Publications
On June 5, 2017 Saudi Arabia, the United Arab Emirates, Egypt and Bahrain (known as the quartet) announced they were breaking diplomatic ties with Qatar (...)
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11/07/2017
Economic Publications
Falling in love is easier than staying in love: a tale of unbalanced exchanges and increasing dependency
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11/07/2017
Economic Publications
Unbalanced Trade links between China and Africa. Under threat from a potential drop in chinese demand
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09/27/2017
Economic Publications
If the year 2017 is synonymous with a slight economic upturn in the emerging markets, let’s not forget the previous three years were marked by increased corporate risk
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09/26/2017
Economic Publications
12 Major sectors assessed worldwide, each quarter, by Coface.
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09/26/2017
Economic Publications
For once, the summer proved to be particularly quiet. No major events disrupted the path taken by the world economy.
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09/25/2017
Economic Publications
Each quarter Coface evaluates 160 countries with a unique methodology.
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09/08/2017
Economic Publications
During the commodity super-cycle that lasted over a decade, until around 2014, Latin American economies showed robust performance.
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09/07/2017
Economic Publications
Despite some slowdown last year, average GDP growth remained at a solid level of 2.9% in Central and Eastern Europe
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09/07/2017
Economic Publications
Automotive and transport is the leading sector in the region CEE
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07/31/2017
Economic Publications
Political changes in the US have caused uncertainty over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions. Since Donald Trump’s victory, the currencies of many emerging countries have fallen against the dollar. Mexico’s currency was the most greatly affected in the world, with 19 % depreciation against the USD in 2016 (...)
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07/19/2017
Economic Publications
Oil prices declined by around 75% between mid- 2014 and January 2016 (...)
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07/10/2017
Economic Publications
Coface conducts an annual survey to examine corporate payment trends and experiences in eight selected economies(1) in the Asia Pacific (APAC) region. Our corporate payment survey for 2016 showed that non-payment risks escalated on the back of financial stress and a looser approach to credit controls (...)
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07/04/2017
Economic Publications
At the end of the first quarter of 2017, we were wondering whether the timid global economic recovery was a flash in the pan (...)
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07/04/2017
Economic Publications
160 countries under the magnifying glass
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06/07/2017
Economic Publications
One year after the “yes” vote for Brexit, seen as traumatic, the time has come for the United Kingdom to accelerate the implementation of its exit from the European Union (EU).
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05/24/2017
Economic Publications
Between 1999 and 2008, Russia’s GDP grew by an average of almost 7% per year. In 2009, the fall in oil prices led to a severe recession (-7.8%).
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05/02/2017
Economic Publications
Labour markets in the Central and Eastern Europe (CEE) region are continuing to improve.
Unemployment rates have reached the lowest levels ever recorded and most CEE economies are enjoying lower unemployment than the EU average
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04/21/2017
Economic Publications
With an average increase in corporate insolvencies of 4.2% per year, 137,520 companies went bankrupt between 2008 and 2014
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03/30/2017
Economic Publications
In 2016, credit extension practices in China differed from those seen in previous years. Fewer Chinese companies offered credit sales – but (...)
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03/23/2017
Economic Publications
Signs of a recovery in global growth are multiplying at the start of 2017.
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03/23/2017
Economic Publications
160 countries under the magnifying glass
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03/20/2017
Economic Publications
Political risk seems to have been at the core of concerns since 2016, following numbers of articles and editorials on the topic (...)
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03/14/2017
Economic Publications
The potential depreciation of the renminbi (RMB), along with the implementation of capital flow measures, are longstanding concerns for China.
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03/13/2017
Economic Publications
January 2017 saw the drop in insolvencies, which started in May 2014, reach 58,031 - its lowest figure since September 2012 (-2.8% on the same period in 2016)
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02/03/2017
Economic Publications
Brazilian companies are currently faced with a challenging environment. GDP underwent an accumulated contraction of 7.4% during the two years of 2015-2016.
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01/25/2017
Economic Publications
Starting with falling oil prices and financial markets in the winter, the Brexit referendum in the summer and the election of Donald Trump in the autumn, 2016 was punctuated by a series of upsets.
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01/24/2017
Economic Publications
Despite the recent economic upturn, uncertainties will continue to dominate the global economic climate this year.
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12/23/2016
Economic Publications
South Africa’s growth performance has been in decline since the global financial crisis. Since peaking in 2011, the growth rate (hit by lower commodity prices and power supply problems) has continued to slow.
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12/19/2016
Economic Publications
Turkey’s economy experienced several shocks during 2015 and 2016. Heightened political uncertainties, regional tensions, the US rate hike process, the credit rating downgrade and domestic security issues, have all resulted in (...)
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12/16/2016
Economic Publications
Why is the collaborative economy so captivating in France? First of all, because it is synonymous with youth and innovation. But also because sectors that (...)
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12/16/2016
Economic Publications
The number of insolvencies in France continued to fall in the twelve months to end-October 2016 (-1.0%) (...)
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11/30/2016
Economic Publications
The signs for Germany’s further economic development are promising, with a high level of stability.
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11/25/2016
Economic Publications
For this quarter, the result is clearly negative once again, as eight sectors have been downgraded and only one upgraded. The changes concern North America (increased risks in the retail, textile-clothing, paper-wood and transport sectors), Western Europe (downgrade of the agrofood sector) and Central Europe (downgrades for construction and IT & communications, but an upgrade for the transport sector) and Middle East (downgrade for IT & communications).
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11/25/2016
Economic Publications
12 major sectors assessed worldwide
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11/15/2016
Economic Publications
Mexico’s economy has been increasing above the Latin American average since 2012. While the region contracted by 0.5 % in 2015, Mexico, its second largest economy, grew by 2.5 %.
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11/08/2016
Economic Publications
Despite the silent impact of the first arrow on Japan’s exports, the operating profits of Japanese manufacturers which have been mainly exported oriented surged, in part due to their pricing-to-market behaviour.
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10/17/2016
Economic Publications
The UK referendum in June, parliamentary elections in, Spain in December 2015 and June 2016...
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10/14/2016
Economic Publications
Concern again focused on oil prices,the emerging market thermometer
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10/13/2016
Economic Publications
160 countries under the magnifying glass
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09/23/2016
Economic Publications
Up until 2014, Latin America’s exports were boosted by China’s vast appetite for raw materials and the hike in their international prices..
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09/20/2016
Economic Publications
As a follow-up to the survey on Moroccan companies' payment periods published in May 2015, Coface here presents the results of the second edition.
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09/16/2016
Economic Publications
Poland has seen a slowing of its economy this year, compared to 2015. Nevertheless, growth is still continuing at a fair rate and, in fact, remains at a level which many other economies can only dream of.
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09/14/2016
Economic Publications
French growth has taken a time-out in Q2. The political uncertainties in the United Kingdom, the strikes in May and the floods affecting Ile-deFrance are all likely suspects responsible for this surprise halt. However, the figures are expected to recover in Q3.
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09/09/2016
Economic Publications
The importance of the Agrobusiness sector varies between the different North African economies. While on a regional level, the sector leads exports, on a country basis it differs. In Morroco, agribusiness benefits from government subsidies, as it contributes nearly 16% of GDP and provides employment for 40% of the population. Overall, across the main north African countries, the lowest level of risk is in Morocco...
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08/31/2016
Economic Publications
Despite having the highest healthcare expenditure of all industrialised nations (17.1% of GDP in 2013), the US public health outcomes are being outperformed by other advanced nations.
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08/31/2016
Economic Publications
US Pharmaceutical Companies Have Enjoyed Their Day In The Sun, But Is It Time To Get Out The Umbrella?
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08/26/2016
Economic Publications
2016 marks the first time Coface has carried out a payment survey for Germany. This follows on from other surveys presented this year for (...)
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08/12/2016
Economic Publications
In the light of the on-going structural reforms, the "tale of two Chinas" is resulting in sector wise winners and losers, linked to their growth potential in the medium and longer term, government policies and structural demand.
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07/20/2016
Economic Publications
Coface updates its risks outlook for 12 business sectors in 6 regions every quarter.
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07/20/2016
Economic Publications
12 major sectors assessed worldwide
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07/18/2016
Economic Publications
Companies in the Central and Eastern Europe region reported solid economic growth rates as well as more structured growth last year.
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07/11/2016
Economic Publications
The United Arab Emirates (UAE)’ economy is of the most diversified within the Gulf region
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06/29/2016
Economic Publications
Sluggish global growth, characterised in particular by China's loss of momentum, shock to commodity prices… Sub-Saharan Africa has not been spared in the global tempest and seeks to maintain growth against wind and tide. The commodity producers are the most affected.
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06/29/2016
Economic Publications
The global economy remains stuck in a "Japanese-style" trap of sluggish growth, despite ever more expansionary monetary policies (..)
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06/29/2016
Economic Publications
Coface helps you to assess business risks in 160 countries - Download our worldwide country risk assessment map.
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06/17/2016
Economic Publications
Bankruptcies drastically decreased in almost all countries in the region during the course of last year - especially in the four Northern Europe Region (NER) countries we focus on in this panorama, namely Germany, the Netherlands, Sweden and Denmark.
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05/31/2016
Economic Publications
Coface conducts an annual survey to examine corporate payment trends and experiences in 8 selected economies in the Asia Pacific region.
With mounting global uncertainties linked to China's growth moderation, the fiscal difficulties experienced by oil exporting countries and US monetary normalisation, overall payment experience in Asia is likely to remain weak in 2016 (..)
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05/25/2016
Economic Publications
Is the recovery finally under way? That is the question being asked after a start to 2016 marked by a series of positive indicators for the French economy. But after several false starts (...)
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05/17/2016
Economic Publications
Brazil entered into a technical recession in the second quarter of 2015. Its economy contracted by 3.8 % in 2015 (..)
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05/09/2016
Economic Publications
Hungary is performing well, considering the context of struggling economies globally.
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04/13/2016
Economic Publications
For the first time, Coface updates its global quarterly sector risk assessments for 12 sectors, in 6 regions worldwide (compared to 3 regions previously).
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04/13/2016
Economic Publications
12 major sectors assessed worldwide.
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04/07/2016
Economic Publications
Steel producers’ solvency weaker than ever. There is no improvement in sight before 2018.
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03/24/2016
Economic Publications
Halved growth between 2010 and 2015, sharply increasing debt, increased exposure to currency risk, growing scarcity and increased cost of credit, falling export revenues (...)
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03/04/2016
Economic Publications
The German economy has changed its growth model during recent years. While internal demand (especially private consumption) – was sluggish and weak throughout most of the 2000s, it is currently the (...)
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02/18/2016
Economic Publications
China, on its way to becoming an important financial player for economies with restricted access to international markets, has announced its intention to increase its (...)
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02/18/2016
Economic Publications
In France, the number of company insolvencies fell for the second consecutive year in 2015
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01/28/2016
Economic Publications
After US households in 2007-2008 and Eurozone states in 2011-2012, emerging countries are now getting their turn at the epicentre of the storm, in part because of (...)
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12/23/2015
Economic Publications
During 2015, Turkey’s economy faced several challenges. On the political scene, the country went through two elections in 2015, bring to four the number of elections over the last two years. After talks to form a coalition government fell through following the June 7 general election, the country returned to the polls on November 1.
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12/17/2015
Economic Publications
European wine consumption has fallen over these past years, like that of France, which is a third of what it was 50 years ago. On the other hand, wine consumption has increased in the rest of the world, driven by the households of the two leading global economies—the United States and China.
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12/17/2015
Economic Publications
Retail trade benefits from good prospects of consumer demand which, however, will not eliminate challenges for the sector including an intense competition and the implementation of new levy for retailers. Foreign chains will remain dominant taking an advantage of their large-scale bargaining position and offering the most attractive prices for consumers even despite being charged by the new tax.
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12/08/2015
Economic Publications
In a context of low worldwide growth, sectoral dynamics are mixed.
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11/25/2015
Economic Publications
Following a long period of stagnation, construction in Europe is showing signs of recovery. In France it is the only sector, out of the fourteen studied by Coface, to be rated as very high risk. However confidence is slowly returning. The pace of new-build and pre-owned sales increased respectively by 1.4% year-on-year at the end of September 2015 and by 9.3% in the 2nd quarter of 2015. Nevertheless, despite this slight upturn, the volume of activity in the sector remains below its pre-crisis levels. Household demand remains weak, mainly due to high housing costs and the lack of dynamism in the labour market.
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11/16/2015
Economic Publications
• Improved political stability, economic reforms and foreign investments are supporting Egypt’s economic recovery
• Coface forecasts growth of 4.4% for 2015/2016
• Egypt is still dependent on donations and FDI from GCC countries
• Current account balance fell into deficit in 2015, fiscal deficit remains high
• A slight recovery in the tourism and automotive sectors, although security issues and the fragile economic recovery represent challenges
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11/03/2015
Economic Publications
Brazil, downgraded to B (significant risk of businesses defaulting) by Coface in September, has been facing a scenario of economic juggling. The Central Bank’s increase in interest rates, to control inflation, has compromised GDP. Lower activity is reducing tax revenues and threatening fiscal adjustment. In addition, the government needs Congress’s backing in order to reach its primary surplus targets – but this support is lacking. Political uncertainties are weighing heavily on the country’s economic performance.
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10/26/2015
Economic Publications
In a context of low growth, the global sectoral dynamics are mixed. In this overview we analyse five major sectors: automotive, energy, metals, information and communication technologies (ICT) and paper-wood, in North America, emerging Asia and in Western Europe.
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10/19/2015
Economic Publications
The increased economic activity in Poland already reached levels required to stabilise the number of company insolvencies.
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10/15/2015
Economic Publications
In a context of low growth, the global sectoral dynamics are mixed. In this overview we analyse five major sectors: automotive, energy, metals, information and communication technologies (ICT) and paper-wood, in North America, emerging Asia and in Western Europe.
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10/15/2015
Economic Publications
European photovoltaic (PV) energy developed rapidly starting in 2010, thanks to national and European subsidies promoting its establishment in the energy landscape (...)
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09/14/2015
Economic Publications
Growth in Latin America has been slowing down since 2011, and was estimated at 1.2 % in 2014 . This lacklustre result, caused by weak domestic fundamentals, were exacerbated by cyclical factors such as the decline of commodity prices - and particularly the plunge in oil prices experienced since the second half of 2014. 2015 will see the continuation of this downwards trend, with regional growth expected to weaken for the fifth year in a row.
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09/08/2015
Economic Publications
In this first overview of company insolvencies in Europe, Coface examines the following question: Was the return to growth observed in Europe strong enough to bring about a lasting reduction in business failures?
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09/01/2015
Economic Publications
Coface’s seventh annual study on the biggest 500 companies in Central and Eastern Europe ranks the businesses by their turnover and additionally analyses data such as number of employees, the framework of the companies, sectors and markets. In 2014, the CEE Top 500 companies generated a turnover of EUR 572 billion, which exceeds even half of the aggregated 2014 nominal GDP of those economies. The biggest companies were able to increase their turnover as well as workforce.
- 2014: A year of improvement throughout the region – turnover increased by +2.1%
- Higher turnover of the biggest companies reflected better economic prospects in 2014
- 12 countries under study: Bulgaria, Estonia, Croatia, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia, the Czech Republic and Hungary
- Poland was the biggest player, Hungary had the highest growth rate and the Czech Republic recovered
- Ukraine was excluded from the ranking, due to the ongoing conflict and resulting difficulties in obtaining reliable company data
- Automotive industry (+10.6%) top, oil & gas sector flop (-3.9%)
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07/22/2015
Economic Publications
The automotive sector plays an important role in the CEE’s economic activity. Thanks to low labour costs, the educated workforce, geographical proximity to Western European markets, tax incentives and the stabilising legal environment, CEE countries have become attractive destinations for investment by global car manufacturers.
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06/25/2015
Economic Publications
In this panorama, we first set out a study examining the economic situation and outlook for Sub-Saharan Africa.
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06/16/2015
Economic Publications
In May 2014, following 5 weeks of legislative elections, India's Bharatiya Janata Party (BJP) leadre - Narendra Modi - became Prime Minister.
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06/08/2015
Economic Publications
Since the introduction of milk quotas in 1984, until their effective ending in 2015, milk production has undergone many reforms.
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06/05/2015
Economic Publications
After a decade of well-implemented reforms and high growth rates, the Turkish economy seems to be struggling to maintain the same growth performance.
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06/03/2015
Economic Publications
Company insolvencies stabilized with a just minor drop by 0.5% as the regional average. Our scenario assumes that companies should experience further gradual decline of insolvencies this year facing good prospects for internal demand and more visible recovery of Eurozone as the CEE’s main trading partner.
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06/01/2015
Economic Publications
This barometer sets out the latest trends for company insolvencies for the first four months of 2015 in France. After a 2.9% fall recorded for 2014, a level not observed since 2010 (-3.8%), the first four months of the year were marked by a rebound in insolvencies
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05/28/2015
Economic Publications
Corporate payment habits and the proportion of overdue payments they record are a good indicator of the health of an economy. Longer payment terms are an indicator not only of a company’s poor financial health but are also likely to have a knock-on effect on all its suppliers.
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05/22/2015
Economic Publications
Moroccan economy stayed resilient during the last world economic crisis and was able to avoid Arab springs. In an increasingly unstable international environment, Morocco remains stable.
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04/28/2015
Economic Publications
Coface (Asia Pacific) conducts surveys in 8 economies to trace the evolution in corporate payments. This report is designed to be a point of reference which gives readers an overview of the economic and industrial development in these countries. The study is supported by the results of the payment survey, as well as other macroeconomic and microeconomic indicators.
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04/23/2015
Economic Publications
The changes in our sector assessments reflect the development of the world economy since the end of 2014, marked by the appreciation of the dollar against other currencies, the oil price collapse and gradual recovery in the Eurozone. These trends have had repercussions on most of the sectors we track.
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04/22/2015
Economic Publications
The automotive sector in the US, deeply impacted by the onset of the 2007 crisis, seems to be currently a part of a virtuous circle.
As the car sales are on an upward trend, some risks could derail the sector economy, though.
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04/13/2015
Economic Publications
Since the signature of the Pacto por Mexico in December 2012, an agreement struck by the three main political parties, the country has witnessed a variety of reforms. President Peña Nieto was efficient in securing cross-party support and big improvements, were made in 2013. The government obtained approval for a landmark energy reform, bringing to an end the 75-year old monopoly of state-owned Pemex and, by opening the oil and gas industries to private investment, freed up the labor market. It has also introduced competition in the telecoms sector. However sluggish growth was reported in 2013 and during the early part of 2014.
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03/30/2015
Economic Publications
In this panorama we first set out a study examining how the advanced economies are facing up to the challenge of weak economic growth since the Lehman Brothers collapse, that is for the past seven years now! Some observers are even talking of "secular stagnation". But, in our view, not all the advanced economies are facing the same challenges regarding this risk of longterm stagnation. We believe that (...)
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03/23/2015
Economic Publications
The Czech Republic is back on fast track. After falling into recession in 2012 and 2013 due to sharp fiscal consolidation and sovereign debt crisis in the Eurozone, the economy regained momentum reaching solid growth rate of 2.0% in 2014 and should gain speed with 2.5% growth in 2015.
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03/17/2015
Economic Publications
Ongoing economic scenario in Brazil remains sensitive, Coface expects GDP to break even in 2014 and activity should contract by 0.5% in 2015.
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03/05/2015
Economic Publications
Coface conducts an annual survey of payment experience in China. With 80% of the survey respond-ents shared overdue experience and 56.7% of them saw an increase in overdue amount over the past year, the overall payment experience in China remained very challenging in 2014 (...)
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03/04/2015
Economic Publications
Latin America is a major producer of commodities and the recent drop in oil prices is impacting the region’s countries in different ways. Which countries could benefit from lower international quotations - and why are others negatively impacted?
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02/26/2015
Economic Publications
Development of start-ups: what are the keys to success?
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02/25/2015
Economic Publications
This barometer presents the new trend in business insolvencies. We are reviewing the results for 2014 and the first orientations for 2015 with insolvencies for January. After two consecutive years of growth, the number of insolvencies over 2014 had decreased by 2.9%.
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01/23/2015
Economic Publications
How do the Middle East and North Africa (MENA) economies perform after the social and political turmoil caused by the socalled “Arab Spring” late in 2010? Have social and economic demands of protesters resulted in a healthier economic outlook in these countries? The panorama will focus on hydrocarbon sector for the GCC countries and on the textile sector for the North Africa region. It will also assess the latest trends in construction, tourism and automotive sectors across the MENA region to evaluate possible corporate risks.
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01/23/2015
Economic Publications
Over the years Latam has begun to be associated with economic growth, new middle class, poverty reduction and controlled inflation.
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01/23/2015
Economic Publications
Company insolvencies in Turkey: Rise in exchange rates and slowdown in domestic demand affected payment performance. Impaired profitability made payments difficult. Focus on some sector risks : Metal, Automotive, Food, Chemical, Construction, Retail, Textile & apparel.
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01/21/2015
Economic Publications
The construction sector in Poland has undergone turbulent times. After the booming period related to increased demand for housing construction as well as massive public investments thanks to organizing the Euro 2012 football championship, the sector experienced a significant deterioration
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12/18/2014
Economic Publications
The term "deflation" seems to be on everyone's lips in Europe these days, not just on those of economists. The buzz around the term is not surprising, as Eurozone inflation has been falling for the past three years. France is no exception (...)
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12/18/2014
Economic Publications
The number of insolvencies at the end of October stood at 63,002 companies, a figure down by - 0.9% over the last 12 months. This is the lowest level recorded since August 2013 (...)
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11/26/2014
Economic Publications
This end of year panorama starts with the risk assessment of 14 sectors in the three regions we monitor.
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11/20/2014
Economic Publications
Poland is a headline example of the country that didn’t record recession in recent years. However, in micro terms companies insolvencies have been on...
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10/30/2014
Economic Publications
The world economy has entered into a confirmed, but slow and uneven, recovery phase.
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10/07/2014
Economic Publications
«European carriers have been hit by aggressive competition from Middle East and Asia and, they are among the least profitable in the world»
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10/02/2014
Economic Publications
The Ukrainian crisis has occurred in a context of significant weakening of the Russian economy. In 2013, Russian growth fell to 1.3% after an average GDP progression of 4.8%between 2000 and 2011.
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09/17/2014
Economic Publications
Since the beginning of the year, the Chinese government has continued its effort to carry out various items on the reform agenda, particularly on fine-tuning the structure of the Chinese economy. While various aspects of reform are underway, growth is by no means forgotten. With plenty of signs showing lackluster growth momentum in this year, it is believed that the government is likely to introduce stronger stimulus to sustain economic growth. More specifically, the continuation of targeted-stimuli is expected.
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09/10/2014
Economic Publications
Activity in Brazil remains lackluster, inflation stands above the target , interest rates are among the highest in the world, confidence remains at a low level across a variety of indexes and the well-known low investment ratio continues to deteriorate. What is the impact on companies' payment capacity?
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09/04/2014
Economic Publications
After five challening years Romania’s economic performance proved that it has become one of the leaders of the European recovery and exceeded expectations with GDP growth rising by 3.5% in 2013. However, the slowldown of the growth in 2014 shows another picture.
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07/10/2014
Economic Publications
From 2004 to 2008 Brazil had grown, on average, by 4,8% a year, but in the former period, from 2009 to 2013, the average rate declined to 2,7%. The country did not take advantage of the good winds to make important reforms, such as improving the infrastructure and the business climate...
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06/25/2014
Economic Publications
Thanks to vigorous growth since the second quarter of 2012, we anticipate the UK economy to get back to its pre-crisis level in the third quarter of 2014.
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05/27/2014
Economic Publications
New barometer of companies insolvencies in France : a lull is observed from January to April 2014, the number of insolvencies falling by 2.3%. This barometer is followed by a comparison between the situation
of SMEs in France and Spain.
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05/21/2014
Economic Publications
According to the survey of credit risks management in Asia Pacific by Coface, corporate payment experience in the region generally stabilised. Companies in Australia and China suffered more non-payment. The growth slowdown in China remains a concern for other economies in the region in 2014.
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04/29/2014
Economic Publications
The results of a study on insolvencies among the CEE economies, a region experiencing a sharp rise in the rate of insolvencies in many countries during 2013 (e.g. up 39% in Bulgaria and 32% in the Czech Republic).
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04/15/2014
Economic Publications
Focus on the electronics industry in Emerging Asia, a region that has become in a matter of years the world’s workshop for many electronic components.
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03/25/2014
Economic Publications
While the 2008-2009 global crisis had highlighted emerging market resilience, game-changing events have taken place in those emerging countries since May 2013 indeed.
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02/27/2014
Economic Publications
The overall payment experience in China has deteriorated in 2013 comparing to 2012.
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01/21/2014
Economic Publications
Since the Third Plenary Session of the 18th Communist Party of China Central Committee (CPCCC) in November, a broad spectrum of exciting reform plans have been announced, and the government had a series of follow-up actions. These are clear signals that the Chinese effort to restructure the economy is more than just rhetoric.
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12/17/2013
Economic Publications
You will find in it our usual barometer, which assesses the risks to which companies in fourteen key industrial sectors in emerging Asia, North America and Western Europe are exposed.
We have also included an analytical focus on European textiles. This traditional industry was affected very early by globalisation, and, in particular, competition from developing countries.
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11/21/2013
Economic Publications
In this Panorama, you will find the Coface barometer, which analyzes the evolution of French insolvent companies between November 2012 and October 2013.
We then publish a study on insolvencies in the French construction sector, overrepresented in insolvencies compared to it weight in the economy.
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11/20/2013
Economic Publications
The Third Plenary Session of the 18th Communist Party of China Central Committee (CPCCC) was held between November 9 and 12 in Beijing. The plenary session outlined the major economic directions of China in coming years which will have direct impacts on various industries and the vast business community.
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10/13/2013
Economic Publications
This panorama contains a study on household consumption in Asia. How big is the rise in household consumption in this region? Have Asian households taken on too much debt? What are the specific consumer behaviour patterns in Asia? Which sectors are benefitting most from this expansion of consumption?
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09/26/2013
Economic Publications
This Panorama includes our global sector barometer, which analyses the situation in fourteen key economic sectors in three of the world‘s major regions (European Union, North America and Emerging Asia) through a single credit risk indicator. In Europe, sector risks continue to deteriorate, especially in chemicals due to the remaining difficulties in the European industry, and also in the pharmaceutical branch due to the fiscal tightening measures taken by the governments.
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07/15/2013
Economic Publications
Ranked seventh in the world (and the second largest emerging economy) by GDP size, Brazil is the archetypal emerging country. But, the Brazilians’ legendary optimism has been sorely tested for the last two years: Can the Brazilian economic engine be repaired?
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06/20/2013
Economic Publications
This panorama contains a study of the Italian economy, which analyses and interrogates both macro- and microeconomic issues. We also present the latest adjustments to our country assessment.
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06/04/2013
Economic Publications
This new Panorama contains the results of our Company Insolvency Monitor from April 2012 to April 2013 and the results of a study on insolvencies among Eastern European countries, a region experiencing a sharp rise in insolvencies rate.
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04/18/2013
Economic Publications
Coface releases a series of economic reports and is pleased to announce the publication of its second Panorama sector report. Readers will find in it a global sector barometer which analyses the situation in fourteen key economic sectors. The originality of the analysis is that it is based on aggregating the accounts of 6,000 companies in three of the world’s major regions: the European Union, North America and Emerging Asia.
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03/20/2013
Economic Publications
In this Panorama, Coface highlights the radical transformation of risks in emerging countries. While traditional country risk (sovereign risk, external vulnerability) has appreciably declined, three new risks are appearing and need to be monitored.
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02/07/2013
Economic Publications
The 17th Country Risk Conference held by Coface on 22 January 2013 has confirmed the complexity of a situation where, more than ever, the world seems to be «split in two»: advanced versus emerging countries.
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10/15/2012
Economic Publications
The global economic slowdown is confirmed this fall, in line with the recession in the eurozone and the emerging market deceleration.
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