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There are welcome signs that the UK is finally headed for calmer waters after years of economic and political headwinds, while it seems to be a case of slow and steady growth in Ireland. Jonathan looks at what this means for trade risk and identifies some distant threats on the horizon.
#Corporate news
As part of our continued focus on client service experience and commitment to growth, Coface has made changes to its Coface Global Solutions (CGS) UK & Ireland team. These changes reinforce our commitment to service excellence and our ambition to become the partner of choice for multinational clients.
In Q1 2024, the global economy improves slightly from previous years marked by pandemic, Russia-Ukraine conflict, and US banking crisis. However, US activity slows down, with emerging countries driving growth. Global economic, social, and political risks persist, including the dissolution of the French National Assembly. Consequently, Coface adjusts assessments for 5 countries and 26 sectors, indicating short-term positive outlook only.
#Economic publications
The second half of 2024 is expected to be marked by the appearance of La Niña. This phenomenon, whose extent and consequences remain uncertain, is likely to cause weather changes in multiple parts of the globe.
#Economic publications
Paris, July 9, 2024 – Following the snap legislative elections called by President Emmanuel Macron on June 9th and held on July 7th, no party was able to secure an absolute majority in the National Assembly (289 seats), ushering a period of uncertainty and instability for France’s governance.
#Economic publications
The general elections of May 2023 marked a shift in Turkish economic policy with the implementation of more orthodox policies to end a period characterised by negative real interest rates and a sharp depreciation of the lira. The local elections in March 2024 marked a further step in this strategy with a tightening of financial conditions to stabilise the economy, reduce runaway inflation and strengthen the country's macroeconomic foundations.
After his first year as Managing Director, Benoit gives his impressions of trade risk on this side of the Atlantic and explains how he wants Coface to set the standard for credit management solutions and client service in the UK and Ireland.
Because companies now need to go beyond simple access to qualified and added value information, Coface combines the wealth of its data, its unique insights and input from its experts with Data Science and Artificial Intelligence technologies to provide its clients with predictive risk management solutions. Or how to turn commercial risk into growth opportunity!
Download our quick start guide for credit insurance.
#Our solutions
Global expertise in risk management, quality of service and ongoing dialogue: all ingredients in the success and long-term relationship built up with Arkema, the international industrial group with faith in Coface for almost ten years and in the Coface Global Solutions credit insurance programme.
After his first year as Managing Director, Benoit gives his impressions of trade risk on this side of the Atlantic and explains how he wants Coface to set the standard for credit management solutions and client service in the UK and Ireland.
Because companies now need to go beyond simple access to qualified and added value information, Coface combines the wealth of its data, its unique insights and input from its experts with Data Science and Artificial Intelligence technologies to provide its clients with predictive risk management solutions. Or how to turn commercial risk into growth opportunity!
#Online Event
#Online Event
Navigate uncertainty with Coface's global risk assessments for +160 countries and 13 sectors.
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Coface online platform for managing your trade receivables. Full monitoring of your risks. Direct access to all tools according to your contracts.
Platform dedicated to brokers for monitoring your business and managing your customer portfolio (in all countries where legally available).
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
Icon is the business information solution designed to help you better understand risk. Learn how to identify the financial situation of your partners and customers.
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