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!
World trade is increasingly exposed to risks due to a state of flux in the world order.
China has started its reopening process faster than expected. The economic, social, and fiscal costs of the zero-covid policy have created many uncertainties for the economy. Here is our forecast for 2023.
Should we expect a widespread rise in claims and corporate insolvencies? Jean-Christophe Caffet, Coface Chief Economist, provides some answers.
Our NER economist Christiane von Berg shares her forecast for 2023 in the Netherlands.
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