After a massive 54% year-on-year increase in 2009, and 54.5% in 2008, the number of corporate insolvencies in Denmark still remains high in 2010.
After a massive 54% year-on-year increase in 2009, and 54.5% in 2008, the number of corporate insolvencies in Denmark still remains high in 2010.
The September median Expected Default Frequency for France, Germany, the United Kingdom and the United States are the lowest since the September 2008.
The good economic outlook, has allowed Crédito y Caución to revise forecast for insolvencies downwards, to 3-5% for 2010. For next year, the company expects a 5% decrease.
Crédito y Caución is expecting an increase in business for machinery companies that depend on government purchases in the coming months.
Consumer credit lending stopped falling - after 22 months of contraction - and is expected to increase again. Therefore, Crédito y Caución expects a further improvement in this sector.
Prospects for the Mexican economy are less positive than they were three months ago. The slowdown of the US recovery is affecting Mexico in many ways.
The impact of februarys earthquake in Chile have slowed the economy in the first half of this year, but the solid macroeconomic fundamentals will remain in place.
Crédito y Caucións short term outlook for the consumer durables/retail sector is still mixed. Analysts generally predict growth in retail spend of approximately 2% in 2011.
There is likely to be some rebound in paper consumption as the UK moves out of recession, but in the long term the downward trend is expected to continue.
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