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.
On May 11, the Bank of England (BoE) decided to raise its key interest rate for the 12th time in a row, bringing it to 4.5%. At its latest meeting, the BoE stated that it would stay the course to ensure that inflation returned to 2%, and did not rule out further hikes if there are signs of persistent inflation. The latest figures show a slowdown in headline inflation, from 10.1% in March to 8.7% in April, but core inflation reached its highest level in 30 years. Read our press release to learn more.
The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting. The 1st half of the year has reinforced some of our convictions... Read them and our economists' forecasts now.
This is our latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 164 countries across the world.
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.
