Tuesday, January 18, 2011

French institutions predict that global economic growth will slow this year

 International credit insurance and credit management services - the French Coface Group report released in Paris, 17, said the global economic growth rate of 3.4% this year, below last year's 4%.

reported that European countries generally implement fiscal austerity, raw material prices and the contraction of international trade is a global economic slowdown may affect the main factors.

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reported that after the crisis, emerging economies, rapid economic recovery, strong, business investment, rapid economic growth in many countries is a major factor. But by the slow process of global economic recovery, emerging economies will also benefit from last year's average growth rate of 6.7% to 6.2% this year.

Coface Chief Economist   Chomsky pointed out that emerging market economies from the financial crisis have learned a lesson, the private sector borrowing more rational, but it does not completely get rid of the private sector debt explosion risk. This year, emerging market economies will continue to occur investment boom, but there are also two kinds of risk trends: First, some enterprises due to their conditions of limited and some conditions more favorable to the national debt, resulting surge in foreign debt; other banks in some countries large debt to the enterprise, but the limited capacity of its own risk assessment, resulting in potential risks.

Coface, the world's three major credit insurance companies, export credit insurance business of global market share of 25%. Coface Coface in Paris each year the risk of global trade forum, convened by the global economic circles of world economic trends, assess national and industry risks, for countries to engage in overseas trade and investment information. The Group also regularly updated on the global 156 countries and regions, the credit risk rating.

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