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#Economic publications
As the Middle East moves towards a fragile lull in hostilities, the economic shock caused by the conflict – supply chains perturbation, inflation… - is already spreading to the global economy. Against this backdrop, Coface has carried out 8 country downgrades and 45 sector rating changes (41 downgrades, compared with just 4 upgrades).
#Economic publications
The global business climate is deteriorating at an accelerating pace: business insolvencies surged by 12% in early 2026, driven by North America (+22%). Against a backdrop of geopolitical tensions and mounting cost pressures, Coface now forecasts a 6% rise in insolvencies worldwide for 2026.
#Economic publications
Better equipped than its competitors to deal with energy shocks, China is currently limiting supply disruptions linked to tensions in the Middle East. However, rising input costs, combined with a slowdown in global demand, are weighing on already stretched corporate margins.
#Economic publications
The conflict in the Middle East and perturbations in the Strait of Hormuz have highlighted the fragility of the global maritime system. Against this backdrop, Arctic shipping routes are attracting renewed interest, as climate change makes navigation along them easier. Coface’s analysis shows, however, that within five years their commercial impact will remain marginal, although they could nevertheless offer significant benefits for certain commodity flows.
#Economic publications
While overall insolvency figures across Central and Eastern Europe stabilised overall in 2025, Coface’s latest CEE Insolvency Study reveals a far more fragmented reality, with sharp divergences between countries and sectors increasingly shaped by diverging macroeconomic conditions.
Navigate uncertainty with Coface's global risk assessments for 160 countries and 13 sectors.
#Economic publications
Hungary is entering a new political and economic phase following the parliamentary elections of 12 April, which ended 16 years of uninterrupted rule by Viktor Orbán. The decisive victory of Péter Magyar’s Tisza party, securing a two thirds constitutional majority, marks a turning point for domestic governance, relations with the European Union and investor sentiment, while leaving significant execution risks ahead.
#Economic publications
More than three years after the launch of ChatGPT, the impact of artificial intelligence (AI) on employment remains largely invisible in aggregate statistics. However, it is beginning to emerge on the fringes in certain segments of the labor market, particularly in entry-level roles within the most vulnerable sectors. By providing a unique mapping of the exposure to AI-driven automation of the tasks that make up different occupations, this joint study by Coface and the Observatory of Threatened and Emerging Jobs (OEM) highlights a shift in the frontier of automation.
#Economic publications
Coface’s 10th Poland Payment Survey, conducted among 326 companies, reveals a clear deterioration in payment behavior, with average delays extending to 53 days, their highest level since 2021.
#Economic publications
25 days after the launch of the Israeli American offensive against Iran, disruptions to the supply of raw materials via the Strait of Hormuz continue to fuel prices volatility. For the time being, oil & gas, fertilizers, petrochemical derivatives and aluminum are particularly affected.
Navigate uncertainty with Coface's global risk assessments for 160 countries and 13 sectors.
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