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Crédito y Caución expect the German food industry to remain stable in the coming months, and to benefit from the opportunities offered by export markets.
Atradius Group, a leading global credit insurer, announced today a new structure for the Management Board, the higest executive body of the Group.
O Grupo Atradius, operador líder de seguros de crédito a nível mundial, apresenta hoje a nova estrutura do Management Board, o órgão executivo do Grupo.
Since it last forecast on Germany three months ago, Crédito y Caución has revised its forecast for insolvency downwards, and now expect insolvencies to rise by less than 10% in 2010.
In May 2010 the months-long downward trend recorded for the median Expected Default Frecuency, the monthly indicator of Atradius Group, stopped.
Crédito y Caución expects, short term, further reduction on non payments in Canada. That said, not all sectors share this trend.
Italy forecast a GDP grow of 0.6% in 2010, while the International Monetary Fund and the European Union raised its forecast to 0.8%.
Following an increase of 54.6% of insolvencies in 2009, this year it is expected that the number of business failures will reduce about 10% in Slovakia.
France recorded a rather disappointing growth rate in Q1 of 2010, but improves the companies liquidity, coupled with a restoration of margins and operating profits
The confidence of the business sector in the domestic economy rose by 3.4 points in aApril, and is now 14 points above its lowest level of April 2009.
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