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.
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 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
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.
The year 2021 was characterised by a stop-start economic recovery amid new COVID-19 variant outbreaks, prompting companies in Asia-Pacific to remain accommodative in the provision of credit terms. Average payment terms increased from 68 days in 2020 to 71 in 2021, as more companies provided longer credit terms, according to the 2022 Asia Corporate Payment Survey. Out of 13 sectors, only textile and energy reported a shortening of credit terms amid rising input prices, especially for energy and fibres, exerting greater cost pressure on these two sectors.Read More
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.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
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
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
Poland Corporate Payment Survey 2022: Return to normality – unwinding support programs, longer payment delays. The sixth edition of Coface’s survey on payment experience in Poland was carried out in November and December 2021 with 331 companies participating in the study.Read More