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United States: Stimulus plan paves the way for record trade deficit
As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.
The paradox of corporate insolvencies in Europe: miracle and mirage
In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies’ financial health and the number of insolvencies suggests that there is a high number of “hidden insolvencies” that have been postponed, rather than prevented.
Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers
The COVID-19 pandemic’s negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.
Coface Barometer Q4 2020 - An uneven recovery
In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.
Attend the german Country Risk Conference (in German) on May 6th, from 10 to 12:30am with Coface experts and Prof. Dr. Richard David Precht, philosopher, publicist and author.
COFACE’s 2021 Combined Shareholders' Meeting will take place the 12th May 2021 at 09.00 am (CET) without shareholders.
Universal Registration Document 2020
Coface: A world of trade
USA: recovery plan paves way for record trade deficit
The business insolvency paradox in Europe: miracle and mirage
Middle East & Africa: volatile oil prices lead to varying effects on producing countries, including diversification
Country & Sector Risk Barometer: Q4 2020 Quarterly Update