All Coface Publications
Africa has been a major focus of attention since the pandemic and, more particularly, Russia’s invasion of Ukraine. The twin shocks and their consequences - obstacles to the movement of people and goods, skyrocketing energy and food prices, plus monetary policy tightening - have revealed structural weaknesses of African economies, either by exacerbating them or manifesting them. Read our study about it here.Read More
In 2022, Asian businesses took a more stringent approach to credit terms amid a year of aggressive rate hikes, tighter financial conditions and higher inflation.
Check out now which countries and sectors are less affected now.
The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers and investors were expecting.
Read our economists' forecasts to understand what to expect in the coming months.
United Kingdom: Corporate insolvencies are going from zero to a hundred after end of government support measures
In 2022, around 23,400 companies went bankrupt in the United Kingdom, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis “GFC”.
Read our analysis of this rapid rise in insolvencies.
The year 2023 starts with good news, at least on the macroeconomic front. In consequence, we have made few changes to our country (5 changes) and sector risk assessments (16 changes). In net terms, however, the trend remains towards downgrades. Check them out.Read More
In the short-term, the economy seems to be settling into a regime of “stagflation”, where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
Our economic research team gives some more perspective in our latest barometer.
One of the main takeaways of this year’s survey is that payment behaviour has become slightly more restrictive: with a gas-crisis on the horizon, fewer companies are offering payment terms (71%) compared to last year (74%).
Christiane von Berg, our economist for the Northern Europe region, details the payment terms and expectations of companies in Germany.
Asian companies face rising credit risks despite shorter payment delays. The Coface 2022 Asia Corporate Payment Survey was conducted between November 2021 and February 2022. It covered almost 2,800 companies from nine markets and 13 sectors located in the Asia-Pacific region.Read More
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.
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).Read More
Medium and long-term knock-on effects of the war in Europe on global sectors trends: will there be resilient sectors?
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!
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.Read More
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.Read More