South African businesses are increasingly looking beyond its borders for growth opportunities, and this is where we are likely to see most demand in the coming 12 months.
The Czech National Bank [CNB] has revised its 2010 growth expectation upwards to 2.3% Economic growth will slow down next year, due to widespread austerity measures.
Australian companies continue to suffer from negative cash flow: the result of the cost of meeting new orders on the one hand and delayed customer payments on the other.
Crédito y Caución views the sector as a whole as favourable. However, the various subsectors are influenced by vastly different factors so we take a more specialized view at that level.
Following the previous trend, Crédito y Caución again sees a decrease in the Expected Default Frequency of all the economies surveyed.
Crédito y Caución does not anticipate a significant shift in the value or number of insolvencies in the construction sector in United States.
The Crédito y Caucións outlook is for tepid growth as the USA moves forward. Structural issues arising from the collapse of the residential housing market still persist.
Corporate insolvencies decreased 9.6% year-on-year in the first nine months of 2010, suggesting an overall decrease in business failures for the year of more than 10%.
With the exception of tobacco, Crédito y Caución has noticed a slight worsening in payment behaviour in the food industry in Belium over the last couple of months.
Payment behaviour is excellent, with 80% or more payments made by due date. The insolvency rate in this sector is quite low compared to other industries.
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