South Africa?s is the undisputed leading power in Sub-Saharan Africa faces an economic recovery still too flat but a a very good business environment.
Crédito y Caución expects growth rates to be lower in 2011 and 2012 than last year, at 5.2% and 4.2% respectively, in line with slower growth in mainland China.
Seguradora de Crédito incentiva os seus colaboradores a deixar a gravata no armário, nos meses de Julho e Agosto, como medida motivacional e de eficiência energética.
China?s economy grew by 10.3% in 2010, marking its fastest annual pace since the onset of the global crisis. Growth in foreign trade recovered rapidly, surpassing pre-crisis levels.
Crédito y Caución estimates that corporate insolvencies will decrease by 5% year-on-year - to 30,000 cases - in 2011, provided that some downside risks will not materialise.
Credito y Caución estimates that corporate insolvencies in France will decrease by 5% year-on-year - to 49,000 cases - in 2011. However, this figure is still high above pre-crisis levels.
India?s economic fundamentals remain relatively strong, with GDP forecast to grow 9% this year and 8.7% in 2012. However, public debt and budget deficit remain structural problems.
With more than 16 months of import cover, Brazil?s international liquidity position is excellent. Solvency is also robust, with moderate foreign debt service ratios.
After a 17 % increase in business insolvencies 2010, Crédito y Caución expects a further rise in the coming months, especially in construction, food, consumer durables, IT, and retail sales.
Crédito y Caución expects business failures to decrease 10% year-on-year in 2011, to 51,700 cases. However, this is still far higher than the 28,100 cases of 2007.
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