Magazine article Business Credit

World News

Magazine article Business Credit

World News

Article excerpt

For international credit and collections professionals eager to keep upto-date on the latest business and political risks unfolding around the globe, FCIB's The Week in Review is a must-stop weekly news resource (fcibglobal.com/week-in-review.html). Here are a few recent highlights from The Week in Review.

Pockets of Collection Complexity Found in Every Country

Sweden, Germany and Ireland have taken the lead as the easiest countries in which to collect debt, while Saudi Arabia, the United Arab Emirates and Malaysia were at the opposite end of the spectrum, according to a Euler Hermes report released Feb. 1.

The United States and Australia were identified as the most complex developed economies in which to collect debt; and Western European countries, the easiest. Greece and Italy both rated as countries with high levels of collection complexity; however, Asia-Pacific had the most countries with severe ratings, with Malaysia, China and Indonesia being the worst in the region.

Three out of five countries in Latin America were ranked with very high collection complexity: Chile, Colombia and Argentina. Africa has three (Cameroon, Morocco and Togo), and Eastern Europe has four (Czech Republic, Hungary, Slovakia and Turkey).

Corporate Overheating Among Projected Risks for 2018

While the economic upturn continues, greater supply constraints in advanced economies, banking risk in China and political risk were identified as three major risks for 2018 by Coface. …

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