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Business insolvencies in Europe: amendments to legal procedures temporarily postpone due dates

06/18/2020

Many European countries have temporarily amended the legal framework of default procedures to help companies deal with the crisis, postponing growth of insolvencies in Europe.

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Country and Sector risks Barometer - June 2020: From a massive shock to a diversified recovery

06/08/2020

Coface forecasts that the recession in 2020 (a 4.4% drop in world GDP) will be stronger than that of 2009. Despite the recovery expected in 2021 (+5.1%) – assuming there is no second wave of the coronavirus pandemic – GDP would remain 2 to 5 points lower in the United States, the eurozone, Japan, and the United Kingdom, when compared to 2019 levels.

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CHINA PAYMENT SURVEY 2020: PAYMENT DELAYS WILL INCREASE FURTHER BECAUSE OF COVID-19

06/02/2020

In the context of weaker activity in China due to the health crisis, Coface’s latest survey on business payments in China shows a deterioration in payment behaviour in 2019.
66% of surveyed companies reported payment delays. The length of payment delays remained stable at 86 days in 2019. Nevertheless, sectors that have been hit the most by lockdown measures will have to delay payments in order to survive in 2020 and the number of corporate insolvencies should increase.

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World Trade: despite a sudden interruption, global value chains still have a bright future

05/28/2020

Early 2020 marked by a sudden interruption in world trade, hampered by a global recession and soaring uncertainty

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First quarter shows solid operational performance but is impacted by the initial effects of the COVID-19 crisis

04/23/2020

Xavier Durand, Coface CEO, commented: “The coronavirus crisis presents an unprecedented shock for our economies and for the credit insurance industry. First and foremost, I am very proud of our teams’ successful efforts to continue supporting our customers despite the containment measures (...)"

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