The global economy is in a sweet spot of broad-based economic growth and low interest rates, but we expect this to be bottoming out in 2018.
- The global economy is in a sweet spot of broad-based economic growth and low interest rates, supporting a 3% decline in insolvencies in 2018. This is the ninth consecutive year of improvement. The UK is the only notable exception to this trend.
- However, the downward trend is beginning to bottom out and downside risks are rising as the period of easy money is coming to an end, especially in the US. Moreover, political risk remains a concern for Europe, which could negatively affect confidence.
Read the full Atradius report here: Insolvency forecasts March 2018