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Global economic uncertainties call for vigilance in trade credit management
30 December 2011
By John Loríe, Chief Economist Atradius N.V.
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Atradius
trade credit management
BRIC trade credit
Eurozone crisis
Trade Finance Market Outlook
2012
Since the late summer of 2011, media reports on the subject of the global economy have been largely dominated by increasing pessimism about economic growth in Europe and the US. By contrast, emerging markets – especially the so-called BRIC nations (Brazil, Russia, India and China) – are still expected to show healthy growth in the year ahead. In fact, the forecast for 2.9% global economic growth in 2012 will be driven largely by countries in Asia and Latin America – an indication of the widening gap between the expected economic performance of advanced and developing countries.
So, with the direction of advanced economies continuing on a lethargic path, only very low growth can be expected in the Eurozone in 2012, with real GDP growth probably falling to 0.4% from 2011’s 1.6%. No European countries, week or strong, will escape: Germany, for instance, can expect a sizeable drop in growth from...
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