Crédito y Caución expects a continuing stabilisation of the steel sector in the second half of 2010, although pre-crisis production levels will not be reached before 2012 or 2013.
After the record high level of bankruptcies in 2009, the trend has reversed reflecting a 15% decrease in Q1. Crédito y Caución expects insolvencies to decrease 10% in 2010.
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.
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