The year 2024 got off to a better start than the previous two years, which were marked by the final upsets of the pandemic, Russia's invasion of Ukraine and a banking crisis in the United States. However, the first quarter of 2024 has seen a slowdown in US activity, with emerging countries acting as a relay for the global economy. Throughout the world, economic, social and political risks remain, such as the dissolution of the French National Assembly, a possible turning point for the country and Europe.
In this context, Coface has modified its assessments for 5 countries (4 upgrades and 1 downgrade) and 26 sectors (20 upgrades and 6 downgrades), reflecting a favorable outlook in the short term only.