Companies in China report shorter payment delays in 2022 and expect higher economic growth in 202305/23/2023
Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.
From excessive pessimism to excessive optimism - Coface Barometer Q4 202202/14/2023
2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.
A cold chill on the global economy - Q3 2022 Barometer10/17/2022
Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. In the short term, the economy seems to be settling into a regime of "stagflation", where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
In this context, Coface is making general downward revisions to its GDP growth forecasts and its country and sectoral assessments. Check them out!
Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis09/19/2022
The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.
Asia-Pacific: Companies face rising credit risks despite shorter payment delays06/29/2022
Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia-Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.
Coface appoints Hugh Burke to lead its Asia Pacific Region05/06/2022
Coface announces the appointment of Hugh Burke as the CEO of Coface Asia-Pacific Region, effective on April 1, 2022.
Coface China Corporate Payment Survey : Increasing risks in supply chain disruptions and rising raw material prices05/11/2022
Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
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