After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections - presidential and/or legislative - and in economic terms, with risks mounting on a still slowing global economy.
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm thanks to government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights.
Beyond the cleavage with the West, the global South's strategic interests are also very different and sometimes even divergent. Macroeconomic performance, short- and medium-term growth prospects: between profound heterogeneity and real opportunities, which emerging countries can make the most of the change taking place on the world economic stage?
With the reshaping of the world order, the rise of (geo)political risk and the climate emergency, political risk is back in the spotlight, with its inevitable economic impact on world trade and businesses. How can we protect ourselves effectively? We take a closer look at this ever-more closely monitored risk.
As a client of Coface's Business Information (BI) services, Dassault Systèmes benefits from a comprehensive suite of solutions to manage its commercial risks. Scoring, credit advice, analysis: Coface's services enable it to assess its commercial partners, particularly where information is scarcer or less reliable. Henri Bourny, Customer to Cash Director, shares why he recommends Coface's BI services.
Coface's survey on payment behaviour shows that more companies are prepared to grant payment terms in 2023, but that they have shortened the average term from 81 to 70 days. More information here and in our publication.