Country Risk Update
Welcome to the latest issue of D&B's Country Risk Update.
Uncertainty will continue to dominate the global environment in the early months of 2015, at the very least. The belated introduction of the ECB’s quantitative easing (QE) programme worth EUR60bn (USD68bn) per month from March does not appear to have impressed the markets. It is also adding further fuel to the currency war debate as the euro weakens and US dollar strengthens following the end of the US Federal Reserve’s QE programme (worth USD85bn per month) in 2014. The rout in oil prices (with a fall of around 60% since June 2014) allied to weakening commodity prices is adding a further layer of complexity, particularly in relation to the threat of deflation in the euro zone. Finally, political and security factors relating to Russia, the Middle East and the future of Greece in the EU, further undermine the outlook.
The diverging growth patterns among the largest economies are evidently intensifying as the Fed readies to hike rates. In the US and UK growth remains on an upward trend, if lower than potential. However, demand weakness in Japan, China and the euro zone is a dampener on other economies, in particular the commodity-exporting countries.
This complimentary newsletter from D&B's Country Insight Services group has been put together by their team of experts using the most up-to-date information to provide a snapshot of the latest macro market risk situation, and provides an excellent overview for those exposed to cross-border credit or investment risks.
Country Risk Snapshots
Designed with the help of our customers these reports build on the key areas assessed by 'D&B's Country Insight Model' and deliver a perfect balance between mitigating risk exposure and providing insight into new opportunities.
Lower inflation expectations and weak manufacturing prompt the central bank to adjust policy.
Read D&B Country Insight Snapshot: Singapore.pdf
Improved retail sales and labour market conditions boost the economy.
Read D&B Country Insight Snapshot: Spain.pdf
United States of America
Quarterly growth slows, but the underlying trend is strong, mainly driven by consumer spending.
Read D&B Country Insight Snapshot: USA.pdf
To learn more about how these improvements have been designed to meet your needs when trading overseas, please use the contact details below.
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