UK growth forecast downgraded by Coface
Credit insurer Coface has increased its forecast for world growth to 3% but reduced its 2010 forecast for the UK to 1.1%.
The slight revision, from 1.2%, comes at the same time as the average level of risk presented by UK companies on their commercial transactions being maintained at A3.
The insurer also reviewed the Euro Zone's growth forecast downward to 0.8% while it expects industrialised countries as a whole to post 1.6% growth in 2010.
Fourth quarter growth in 2009 in the Euro Zone was defined as "disappointing" whereas the performance of the American economy in the same period was described as "good" leading
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Dual to open two UK offices as McGinn’s regional push gathers pace
- ABI stops short on voluntary premium finance cap as it sets out five principles