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The economic contraction will deepen and last longer, while a debt restructuring settlement has not yet been reached

The economic contraction will lead to a sharp increase in business insolvencies.

The rapid spread of Covid-19 across the globe is taking a heavy economic toll on both advanced and emerging economies. Lockdowns reduce consumption opportunities and create supply-side shocks.

A recession in 2020 despite massive stimulus measures.

Business performance and credit risk has deteriorated in all main industries in India, thus worsening the insolvency outlook this year.

The impact of pandemic on its main export destinations is putting pressure on the external trade flows of Taiwan’s export reliant economy.

Like all economies around the world, the UAE is dealing with an unprecedented disruption of business activity and tourism

The global economic downturn triggered by the coronavirus pandemic has severely affected Indonesia’s economic performance.

Hong Kong businesses strengthened their credit risk management processes in order to better handle the risk of liquidity constraints due to the pandemic-induced economic crisis.

In the current challenging economic times, it is essential for Chinese businesses focus on strengthening their customer credit risk management and debt collection processes.