H1-2015 results: Coface posts a profit of EUR 66 million in spite of an increase in claims in emerging countries29/07/2015
Since the end of last year, at the occasion of our periodic results publications, we have noted weaknesses affecting the macro-economic environment. The first half of this year confirms this trend, and it was marked by an increase in the frequency of claims, in particular in emerging markets. Given this context, we are publishing good quality half-year results. The Group thus confirms the robustness of its business model: product innovation and multi-channel distribution, while controlling risks and costs.
China is trying to find a way to achieve healthier, more sustainable growth, but this is not completely painless for its economy – or for those of its neighbours. According to Coface estimates, growth is unlikely to exceed 6.7% in 2015 and 6.2% in 2016, compared with 13.4% over the period 2006-2007. This is mainly a result of the technological and capital catch-up process running out of steam: several industries are suffering from overcapacity and corporate indebtedness is high, thus impacting investment.
This map gives you a global overview of country risk assessments. Coface's methodology in assessing country risk uses macroeconomic expertise, comprehension of the business environment and microeconomic data collected over 70 years of payment experience.
De Latijns-Amerikaanse groei is al sinds 2011 aan het vertragen. Deze sombere situatie, het gevolg van zwakke binnenlandse fundamentals, wordt sinds de tweede helft van 2014 door cyclische factoren verergerd. In 2015 is de neerwaartse trend nog versterkt, zodat wij verwachten dat het bbp van de regio met 0,2% zal krimpen. Dit wordt de eerste recessie sinds 2009, toen de activiteit door toedoen van de subprimecrisis met 1,4% terugviel.