News

Social unrest set to rise as socio-economic pressures mount around the world

10/25/2022

While the sources of economic uncertainty are legion, new political disturbances could be added to their ranks. The new geopolitical landscape opened up by Russia's actions could reawaken risks in other global hot spots.
More about those hot regions and countries.

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A cold chill on the global economy - Q3 2022 Barometer

10/17/2022

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!

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Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis

09/19/2022

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.

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Coface appoints Hugh Burke to lead its Asia Pacific Region

05/06/2022

Coface announces the appointment of Hugh Burke as the CEO of Coface Asia-Pacific Region, effective on April 1, 2022.

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War in Ukraine: Many (big) losers, few (real) winners

05/10/2022

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.

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Coface China Corporate Payment Survey : Increasing risks in supply chain disruptions and rising raw material prices

05/11/2022

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

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    Ping An Property & Casualty Insurance Company of China ltd. is the subsidiary of Ping An Group, the second largest P & C Insurance company in China.
     
     
    In 2003, Coface supported Ping An P & C Insurance Company of China Ltd. to launch the 1st short term domestic trade credit insurance in Mainland China, protecting local enterprises against the risk of non-payment.
     

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