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1070-061 Lisboa
351 21 319 03 70
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Edifício Pórtico
Avenida Columbano Bordalo Pinheiro, Nº 75, 7º
1070-061 Lisboa
The economy of Indonesia has proved far more resilient to the global downturn than expected. In 2011 GDP growth is expected to increase slightly to 6.0% after a 5.9% growth rate this year.
Insolvencies in Italy will decrease by 5% in 2011 and the Expected Default Frequency has reached its lowest level in more than two years.
The short term outlook of Crédito y Caución for the Canadian forestry sector is fair. Demand has started to return and, with overcapacity issues addressed, output should move upward.
Many companies in the canadian manufacturing sector are still making late payments, but nowhere near as many as in 2009, and the insolvency trend is downwards.
As the overall Canadian economy improves Crédito y Caución expected that, in the near term, the trend of Canadian payment defaults will continue to improve.
Crédito y Caución received fewer notifications of slow payment in 2010, and in general our experience of Indian payment performance and commercial morality remains good.
Although the outlook for the IT market is positive, Crédito y Caución has noticed considerable pressure on prices and margins that could have a negative effect on suppliers.
The short-term outlook for electronic components French sector is still satisfactory, with stable prospects for automotive, aeronautics and electronic equipment production.
In October 2010, the Expected Default Frequency indicator for listed companies in France fell reaching its lowest level since August 2008.
After the record number of bankruptcies in 2009, the trend has reversed in 2010. According to Statistics Norway, there were an 8% year-on-year decrease in Q3.
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