The Turkish economy is forecast to bounce back in 2021 as it recovers from the effects of the coronavirus pandemic according to a new report by Atradius. Turkey’s economy grew just 0.9% in 2019. In 2020, while the economy had a strong start and saw the recovery of credit growth, this rebound was abruptly halted…

North American firms more bullish about growth prospects (73%), compared to businesses in Asia (67%) and EMEA (63%) 35% of businesses say COVID-19 has made them even more determined to expand into new markets according to research by Intertrust. Three out of five business leaders worldwide (61%) predict growth over the next twelve months. Intertrust,…

RSM’s UK Brexit Stress Index nudged up for the first time since the early days of the Covid-19 lockdown, ushering in the first signs in nearly seven months that the risk of no-deal trade talks with the EU is generating increased nervousness within business. This week the pound also saw its worst performing week against…

Insolvencies in the UK are forecast to jump by 27% this year, slightly higher than the global average rise of 26%, reveals a new economic research report by top trade credit insurer Atradius. The latest Atradius Insolvency Report analyses the economic impact of the Covid-19 pandemic and the knock-on effect on insolvencies. Every major economy, except…

Brazil’s economy is forecast to contract by more than 6% this year with business insolvencies up by 20%, reveals leading trade credit insurer Atradius in its updated country reports. The new County Report details how the current economic decline has put an end to the modest economic rebound Brazil has experienced since 2017 following its…

New country reports have been published on Russia and Poland by trade credit insurer Atradius with the report indicating that certain industries in Poland have been severely impacted by the economic downturn and are likely to experience an increase in insolvencies. Atradius’ Russia Country Report has revealed that the Russian economy is under strain due…

Trade credit insurer Atradius has analysed the impact of the coronavirus pandemic on five Asian markets in its latest series of country reports. The new reports detail the economic impact within India, Japan, Indonesia, Thailand and Vietnam, revealing economic contraction, sharp swings in export rates and a rise in business insolvencies. As part of the…

The UK economy shrunk by a fifth and fell into its deepest recession on record in the second quarter. Official data released by the ONS confirmed a 20.4% fall in GDP quarter on quarter. The contraction followed a 2.2% dip in the first quarter, sending the country into a technical recession. In Germany, GDP fell…

The European Commission has approved, under EU state aid rules, a UK guarantee scheme to support the trade credit insurance market in the context of the COVID-19 pandemic outbreak. Trade credit insurance protects companies supplying goods and services against the risk of non-payment by their clients. Given the economic impact of the pandemic, the risk…

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