Euler Hermes: Bankruptcies Will Increase

Euler Hermes, the world's leading insurance company, shared its Economic Outlook Report, which includes expectations for 2020. In the report, growth is expected to be 2.4 percent in 2020 and 2.8 in 2021. As growth continues to be slow, increases in bankruptcies, which were 9 percent in 2019, are expected to be 6 percent in 2020. On the US-China trade wars side, the mini-agreement signed between the two countries will not make a significant change in the game visit buffgame, but uncertainties will decrease a little more since the possibility of customs tax increases is low in the election year. The average of the US customs duty, which was 3.5 percent in 2018, is expected to remain at 7 percent. It is predicted that public and corporate debts will continue to increase in the USA. It is stated that the Democrats' prominence from the election by a slight margin may result in increased budget related risks and a decrease in foreign policy risks originating from the USA. It is underlined that the GDP growth in the USA could approach 2 percent again in 2021, as the financial policies are more supportive. Source