Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024.
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After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections - presidential and/or legislative - and in economic terms, with risks mounting on a still slowing global economy.Read More
Coface has expanded its Asia Pacific economic research team and today announced the appointment of Junyu Tan as Regional Economist for North Asia. Junyu is stationed in Hong Kong reporting to Bernard Aw, Chief Economist of Coface for Asia Pacific Region.Read More
Venturing into the global market presents a lucrative opportunity for companies to boost their earnings and tap into new customer bases. Nevertheless, this endeavor is not without its obstacles. Engaging in international trade introduces various risks to businesses, ranging from logistical issues to economic uncertainties. Failure to anticipate and address these challenges can significantly affect the overall cash flow of a company involved in overseas exporting. Learn more on how trade credit insurance can mitigate risks in international business...Read More
In the future, climate change and inflation will make it hard for the tourism boom in southern Europe countries to last much longer.
Learn more about the challenges southern European countries will face in the coming years, and the opportunities ahead.
At the end of November, Xavier Durand, CEO of Coface, gave a comprehensive interview to the newspaper L'Agefi.
In this first part, he explains the consequences of conflicts around the world for companies, and what this means for Coface.
How can you determine whether a business is able to pay what it owes and if it has done so in the past? While there are several ways to assess this information, one of the most valuable is by considering a particular enterprise’s creditors turnover ratio. Learn More....Read More
The deterioration in corporate payment habits in France is echoed in insolvency numbers, with an undisputed increase observed since the start of the year that has even overshot pre-Covid levels. Learn more now.Read More
Country and Sector Risk Barometer Q3 2023: Macroeconomics put to the test by microeconomic deterioration
All the leading indicators point to a sharp slowdown in activity in North America and the Eurozone towards the end of the year, and the recovery of the Chinese economy has rapidly collided with structural weaknesses and a lack of confidence among households and businesses. In this context, we have modified 7 country risk assessments (2 upgrades and 5 downgrades) and 33 sector risk assessments (17 upgrades and 16 downgrades).
More in our latest barometer.
Coface announces today the appointment of Mark Qian as Country Manager for China with effect from 1st October 2023. Based in Shanghai, Mark reports directly to Benoit Ganzmann, CEO of the Greater China Region in Hong Kong.Read More
As you conduct trade both within your country and overseas, you will either become a trade creditor or accrue creditors in your own books. In this article, we explain what a trade creditor is, discuss how this relates to unpaid debts, and explain how to use trade credit insurance to mitigate these concerns.Read More
The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.Read More
Country risk assessment, also known as country risk analysis, is the process of determining a nation's ability to transfer payments. It considers political, economic and social factors, and is used to help organizations make strategic decisions when conducting business in a country with excessive risk.Read More
The successive shocks linked to the COVID pandemic and the war in Ukraine have had a clear negative impact on African economies. They have revealed, materialized and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political and social ramifications, are the chief hallmarks. Read our press release about it here.Read More
How well do you know your customers? It's an essential question that every business should ask itself before deciding to work with a new organization. Yet the amount of due diligence needed to thoroughly research and vet trading partners requires time, resources and specialized experience that many firms simply don't have. Without this insight, however, your business may be exposed to non-payment risks and other issues. Learn more...Read More
While the global macroeconomic outlook remains uncertain, the transport sector has recorded the highest number of risk assessment upgrades in the latest Coface barometer.
Read our expert's analysis now.