AsiaOne on Nostr: Coface Country and Sector Risk Barometer – Q4 2023: 2024, a pivotal year ========== ...
Coface Country and Sector Risk Barometer – Q4 2023: 2024, a pivotal year
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After a somewhat turbulent 2023, 2024 is shaping up to be a decisive year with more than 60 national elections and risks mounting on a slowing global economy. Global growth is expected to slow to 2.2% in 2024. The Chinese economy is stalling at the beginning of the year, with concerns about the property market correction and deflationary pressures. In Europe, stagnation is expected in the first half of the year. Core inflation is still twice the central bank target in most developed monetary areas. Interest rates are expected to remain high throughout the year in all advanced economies. Emerging economies will be the main drivers of global growth, contributing 1.7 percentage points to world GDP growth. Instability in the Red Sea region is a major threat to maritime traffic. Shipping companies are already avoiding the Suez Canal, resulting in higher costs and fares. Freight rates have more than doubled from Shanghai to Europe. Coface is a leader in trade credit insurance and risk management.
#Coface #RiskAssessment #GlobalEconomy #EconomicOutlook #InterestRates #MaritimeTraffic #FreightRates
https://www.asiaone.com/business/coface-country-and-sector-risk-barometer-q4-2023-2024-pivotal-year
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After a somewhat turbulent 2023, 2024 is shaping up to be a decisive year with more than 60 national elections and risks mounting on a slowing global economy. Global growth is expected to slow to 2.2% in 2024. The Chinese economy is stalling at the beginning of the year, with concerns about the property market correction and deflationary pressures. In Europe, stagnation is expected in the first half of the year. Core inflation is still twice the central bank target in most developed monetary areas. Interest rates are expected to remain high throughout the year in all advanced economies. Emerging economies will be the main drivers of global growth, contributing 1.7 percentage points to world GDP growth. Instability in the Red Sea region is a major threat to maritime traffic. Shipping companies are already avoiding the Suez Canal, resulting in higher costs and fares. Freight rates have more than doubled from Shanghai to Europe. Coface is a leader in trade credit insurance and risk management.
#Coface #RiskAssessment #GlobalEconomy #EconomicOutlook #InterestRates #MaritimeTraffic #FreightRates
https://www.asiaone.com/business/coface-country-and-sector-risk-barometer-q4-2023-2024-pivotal-year