Publications

One year into the pandemic, businesses polled in Asia told us they experienced serious setbacks to growth and needed to take several measures to face the changed economic and trade circumstances.

French industries performance: upgrades for some sectors, but the credit risk for many businesses in key industries remains high.

UK trade is facing a double whammy from Brexit and Covid-19, putting particular strain on trade with the EU.

Italian economy: the 2021 rebound has led to industry performance upgrades, but the outlook for some major sectors remains subdued for the time being.

Climate change raises country risk, but offers business opportunities as well.

German industries performance: metals and steel up one notch, but still elevated credit risk for many automotive and machines businesses.

The square of the circle? Spending needed to tackle unemployment and housing issues, while fiscal curbing is urgent to avoid further rating downgrades.

The Chilean business environment remains one of the best in the region, but increased policy uncertainty could weigh on the economic outlook.

Ongoing rebound, but the credit risk situation of several industries remains strained, in particular in the construction and service sectors.

The economy is forecast to grow about 5% this year. The scope of recovery in Europe as Morocco’s main export market is playing a pivotal role.

The recent normalisation of diplomatic and trade relations between Israel and the UAE will unlock mutual trade opportunities

An economic rebound of more than 4% expected in 2021, but vulnerability to to global financial market turmoil remains an issue

Turkey's economic policy at the crossroads again, while lira volatility and high inflation remain key issues, and non-performing loans increase

As fiscal support is gradually phased out, global corporate insolvencies are forecast to increase by 26% in 2021

Poland's economy: a solid 3.8% growth outlook in 2021 and rebound of some industries, while credit risk for transport, retail and services remains high

China's economy: a strong rebound forecast in 2021, but ongoing Sino-US trade disputes and increasing political strains with the US remain a downside risk

Major structural weaknesses weigh on growth prospects

Only a modest economic rebound expected in 2021 after a steep recession last year

A robust economic rebound expected in 2021, but major downside risks remain

As several vaccines have been approved and are being rolled out, we expect the global economy to rebound in 2021