Spotlight

Shorter payment delays are reported in China and higher economic growth is expected in 2023

Companies in China report shorter payment delays in 2022 and expect higher economic growth in 2023

05/23/2023

Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.

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News

Silicon Valley Bank’s failure highlights heightened financial stability risks amid monetary tightening

03/22/2023

California and federal banking regulators shut down Silicon Valley Bank (SVB) and seized its deposits citing both illiquidity and insolvency. This is the 2nd largest failure of a U.S. financial institution after Washington Mutual in 2008. Read our expert's analysis of the situation.

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Appointment of Grishma Kewada as Coface Country Manager for Singapore

03/28/2023

Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023. She reports directly to Graham Crozier, CEO of Coface South East Asia & India and is based in Singapore.

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From excessive pessimism to excessive optimism - Coface Barometer Q4 2022

02/14/2023

2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.

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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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Key figures

€1.812 M OF TURNOVER IN 2022
 100 COUNTRIES OFFERING OUR SERVICES
 ~4,721 employees 
 €283.1M OF NET PROFIT
 AA- (STABLE OUTLOOK) FITCH
 A2 (STABLE OUTLOOK) MOODY'S
 A (STABLE OUTLOOK) AM BEST
ALL THE KEY FIGURES

Partners

  • PING-AN_square100
    		  Credit Insurance Partner
     
    Our Partner in Mainland China.
    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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Contact

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taipei@coface.com
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