Every quarter in France, Coface distributes a magazine to its clients and all French economic players, to inform them of developments in international trade techniques and assess the upgrading and downgrading of country and sector risks worldwide. This magazine also enables Coface to present the tools it offers companies so that they can develop their trade receivables in a secure framework.
Trade Line N°19
Coface's magazine for its clients and partners:
SPECIAL EDITION : Main lessons drawn from the Coface Country Risk Conference 2012 in Paris
- Three major risks
According to François David, Chairman of Coface, three risks willweigh on global growth: the US economy, still uncertain;
- Global growth in 2012: another dip?
- Advanced economies fall victims of their public debt?
- Can the BRICS save the world economy?
- Political and economic uncertainty in emerging countries
- Political shocks in emerging countries: Reasons for hope?
- Country Risks Overview:
By virtue of its size and the financial overlapping that transforms alocal crisis into a global systemic crisis, the current crisis is peculiar,stresses Yves Zlotowski.
- Interviews :
The US economy is vulnerable, but a reindustrialization movement isemerging, while the euro zone is reducing its ability to generate long-term growth. We must be wary of rules of thumb like the "goldenrule" on public finances.
Each emerging country has its major challenge: inflation control inIndia, the change of model toward more consumption in China, thepromotion of a higher added-value industry in Brazil, less depen-dence on energy resources in Russia. But all of them have, to varyingdegrees, a problem of governance.
In a world where economics has triumphed over security, 2012 willbe the year of the war on debt, with the United States, Europe, andJapan all wanting to access the liquidity of emerging countries,particularly in Asia.
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