On February 6, the south eastern provinces of Türkiye were hit by earthquakes that killed over 40,000 people in Türkiye and Syria. This toll, far from being definitive, could double according to the United Nations. Retrouvez notre communiqué de presse sur les retombées économiques de cette catastrophe. Read our press release on the economic impact of this disaster.
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Recession, inflation, Ukraine, China, monetary policy... 2023 as seen by Jean-Christophe Caffet, Coface Chief Economist
The French media Wansquare asked a panel of economists and leaders of large companies to give their forecasts for 2023. Read the answers Jean-Christophe Caffet, Chief Economist at Coface, gave them.Read More
Credit Insurance: All you need to know about this service
Learn all you need to know about trade credit insurance. From how it works to its many benefits, our guide helps you understand this business solution.Read More
Coface publishes its 'CEE Top 500 Companies for 2021' study.
The 14th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover.Read More
A cold chill on the global economy - Q3 2022 Barometer
Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. 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.
In this context, Coface is making general downward revisions to its GDP growth forecasts and its country and sectoral assessments. Check them out!
Moody’s affirms Coface’s ratings, changes outlook to positive
The rating agency Moody’s, on 11th October 2022, has confirmed the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface at A2. The agency has also changed the outlook for Coface to positive from stable.Read More
How To Mitigate Credit Risk?
Credit is the risk of losses arising from the obligor’s failure to meet contractual obligations. Read a practical guide on how to manage credit risk.Read More
Coface increases its support to the financing & implementation of ESG projects through Single Risk solutions
Coface has decided to increase its support to the financing and implementation of long-term ESG projects by providing Single Risk insurance solutions more widely.Read More
Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis
The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.Read More
Downward shift in global metals prices announces gloomy global economic outlook
Coface’s experts state that the inflationary pressure on energy puts pressure on the metal industry and that the current shift on the metals market mirrors the upcoming gloomy economic outlookRead More
A recession to avoid stagflation? The world economy at a crossroads
Four months after the start of hostilities in Ukraine, first lessons can be drawn.
Which countries and sectors are doing best? Which ones are going to face major difficulties?
Read the forecasts from our Q2 Barometer now.
Coface and Al Rajhi Takaful enter a strategic partnership in credit insurance
Coface and Al Rajhi Takaful, one of the largest financial institutions and insurance company in the Kingdom of Saudi Arabia, have entered into a strategic partnership to distribute credit insurance solutions and help Saudi Companies boost their growth in their domestic and export markets.Read More
Medium & 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!Read More
CEE company insolvencies on the rise
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
War in Ukraine: Many (big) losers, few (real) winners
More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.Read More
⚡️ ExpressECO | Environmental risk is key to business strategy [#ExpressEco]
Coface’s Country Risk Assessment model now includes an environmental indicator. Our Economist Melina London explains how it works.Read More
Is the electric vehicle metals boom sustainable?
The metals used in electric vehicles, such as lithium, cobalt and copper, are at the heart of the revolution currently taking place in the automotive industry. But imbalances between supply and demand are pushing up their prices, even though the market share of electric vehicles remains modest. In its latest analysis, Coface does not foresee any major changes in these price trends over the next two years.Read More
Germany: More insolvencies in the pipeline, despite significant aid
Insolvencies in Germany dropped significantly in 2020 compared to 2019 - despite the worst recession since 2009.Read More
China: rising payment risks in construction and energy sectors despite stronger economic outlook
Coface expects an increase in bond defaults and insolvencies in 2021, especially among sectors that accumulated higher cash-flow risks in 2020 amid a slowdown in credit growth.
Coface report looks at China and Australia’s trade relationship
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.Read More
The political risks of lockdown in the Netherlands and Germany
Coronavirus containment measures are leading to social unrest in many countries, especially in the Netherlands and in Germany. Watch our video to learn more.Read More