As an informed exporter, it is important to know the major economic indicators of the countries where you are exporting. This is important to foresee if there are any possible chances of payment defaults. If there is, changes can be made in the payment terms. Hence, in order to aid this decision making process, we present the findings provided by the Euler Hermes in weekly frequency. Major indicators like GDP, sectoral development changes, major economic policies decision, sentiments after any new political appointment, bank rate changes etc. help in painting the economic condition of the country for the whole week.

Rising insolvencies drive credit insurance demand

According to a study by Atradius, global insolvencies is expected to rise by 2% this year based on which  for credit insurance among businesses in Asia-Pacific is set to increase.

While domestic demand in the region remains robust, several downside risks appear to cloud the growth outlook. The slowing trade growth in many countries prompts businesses in the region to increase their use of trade credit in B2B transactions to stay competitive and gain market share.

Overall, economic conditions in 2019 are expected to be more challenging than last year.

According to Atradius, the 2019 survey questions were upgraded to reflect that payment on credit has increased over the last year in the Asia-Pacific region, increasing the report’s relevance to businesses trading on credit.

Source: – https://www.creditinsurancenews.com/june2019cin.php