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Coface Barometer: From a massive shock to a diversified recovery

06/18/2020

Coface forecasts that the recession in 2020 (a 4.4% drop in world GDP) will be stronger than that of 2009. Despite the recovery expected in 2021 (+5.1%) – assuming there is no second wave of the coronavirus pandemic – GDP would remain 2 to 5 points lower in the United States, the eurozone, Japan, and the United Kingdom, when compared to 2019 levels.

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World Trade: despite a sudden interruption, global value chains still have a bright future

05/27/2020

Early 2020 marked by a sudden interruption in world trade, hampered by a global recession and soaring uncertainty

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Termination of extension of the period for notification of overdue account

05/25/2020

Following the containment measures taken by several European governments in connection the fight against spread of the Covid 19 we had decided to provide you with support in the form of an extension of the period for Notifying Overdue Accounts by 60 days. We informed you about this decision at the end of March.

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First quarter shows solid operational performance but is impacted by the initial effects of the COVID-19 crisis

04/23/2020

Xavier Durand, Coface CEO, commented: “The coronavirus crisis presents an unprecedented shock for our economies and for the credit insurance industry. First and foremost, I am very proud of our teams’ successful efforts to continue supporting our customers despite the containment measures (...)"

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Coface delivers record first semester in riskier economy

07/30/2019

Net income up 25% at €78.5m, RoATE at 9.6% and Partial Internal Model submitted

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