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Economic growth in the oil-rich Gulf region is outpacing that of its energy-importing neighbours. Petrodollars give an extra boost to the economic rebound in MENA.
Many low-income countries face a triple crisis: the Covid-19 pandemic, rising debt levels and climate change. To tackle these challenges at once one of the solutions could be a debt-for-climate swap.
Most of the businesses polled in Eastern Europe predict growth in 2022. However, this optimistic outlook is tempered by the acknowledgement of downside risks.
Most of the Czech businesses polled opted to manage customer credit risk internally. However, and despite their efforts, many were not successful at containing year-on-year increases in DSO.
Amid predictions of growth, businesses surveyed in Poland reported having struggled with rising credit management and debt collection costs in recent times.
Businesses polled in Romania favoured the surety of cash sales this year. However, this put them at a disadvantage in a global market place where credit terms are a competitive tool.
Most of the businesses polled in Slovakia reported a decline in late payments. This highly reflects the widespread adoption of credit insurance amongst local businesses polled.
Spain expects elevated insolvency levels in 2022. Businesses polled in the country reveal an increased appetite for the use of credit insurance over the coming months.
Despite further deterioration of the insolvency environment in Italy over the coming months, economy has started to grow again and with that business confidence in the future.