All Coface Publications
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.
In a context that we explain in our barometer, Coface has made 26 changes to sector ratings: 13 reclassifications and 13 downgrades.
Find out which sectors in which regions are affected in our sector risk infographic.
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 Central and Eastern European (CEE) region has undergone significant economic changes over the past three years. A great heterogeneity, various support measures and legal changes have impacted significantly the insolvency trends.Read More
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
COFACE CEE TOP 500
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.
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.
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.
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!Read More
China Corporate Payment Survey : Increasing Risks In Supply Chain Disruptions And Rising Raw Material Prices
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