Atradius has published an Economic Research Report targeting insolvencies across international markets from issues such as Brexit and Eurozone market activity.
According to the Atradius insolvency forecast model, little to no improvement is expected in business insolvencies in the majority of advanced markets this year. The overall outlook for insolvencies has worsened through 2016 in line with downward revisions to GDP forecasts. Brexit is likely to weigh on confidence in many advanced markets and has created financial market volatility. Global demand is expected to remain subdued, as low commodity prices negatively affect economic growth in emerging markets. In 2017 insolvencies are also anticipated to show little or no improvement, which fits into the picture of a weakening business cycle. Figure 2 and 3 summarize the results by giving the percentage change in insolvencies forecast per country for both this year and the next.
Read the publication on the Atradius Au website:
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.
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Atradius Corporate Communications Oceania
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