Economic studies and risk insights by Coface
Our latest publications
Risk Review June 2026 – Download the full report
From a downward revision of global growth to 2.3% in 2026 to a 12% increase in insolvencies across advanced economies, the latest Risk Review highlights a rapidly changing risk environment. With eight country risk downgrades and more than 45 sector assessment changes, our economists examine the key trends affecting businesses worldwide, including inflation, supply chain disruptions and shifts in country and sector risk.
Payment Survey CEE 2026 - Download the full report
Despite overall stable insolvency figures in 2025, this study highlights growing divergences across CEE countries, with sharp increases in markets like Poland and continued pressure in key sectors such as industry, construction and transport. It also points to rising risks for 2026, driven in particular by energy volatility and external dependencies.
Payment Survey United Kingdom 2025 - Download the full report
Late payments are increasingly weighing on UK businesses. 90% of companies experienced delayed payments over the past year, with an average delay of 32 days, and 44% report that these delays are becoming more frequent. The most affected sectors are automotive and transport (95%) as well as construction (93%), with average delays sometimes exceeding 38 days. Discover the full analysis in our latest UK Payment Survey 2025.
Payment Surveys - Europa
FRANCE - Download our full report
Late payments continue to weigh on the French economy. 86% of companies face late payments, with an average delay of 40 days, and more than one in two micro-enterprises reports a critical impact on their cash flow. The study details sector-specific consequences and provides indicators to assess and anticipate client payment risks.
UNITED KINGDOM - Download our full report
Late payments continue to place a heavy burden on UK businesses. Over the past year, 90% of companies experienced delayed payments, with an average delay of 32 days, and 44% report that these delays are becoming more frequent. The most exposed sectors are automotive and transport (95%) and construction (93%), with some averaging over 38 days of delay. Check out the full UK Payment Survey 2025 for a detailed sector- and company-size analysis.
GERMANY - Download our full report
Germany remains Europe’s payment “outlier”: despite growing delays, average overdue times are still the lowest globally at just 31.8 days. But with 12% of companies reporting severe arrears, risks are mounting beneath the surface. Coface’s Germany Payment Survey 2025 unpacks these contrasts.
Central and Eastern Europe - Download our full report
Despite broadly stable insolvency figures in 2025, this study reveals widening disparities across CEE countries, with sharp increases in markets such as Poland and sustained pressure in key sectors like manufacturing, construction and transport.
Payment Surveys - International
ASIA - Download our full report
Asia-Pacific growth is forecast to slow to 3.8% in 2025, weighed down by weak global demand, rising tariffs and higher costs. Record payment delays confirm mounting financial strain across the region. Download Coface’s latest study to analyze what lies ahead.
CHINA - Download our full report
China’s economy remains under strain, with corporate revenues pressured by weak demand, deflation, and intensifying competition. While GDP growth is forecast at 4.3% in 2025, businesses continue to face extended payment cycles and rising non-payment risks. Read Coface’s survey for a comprehensive outlook.
LATIN AMERICA - Download our full report
Latin America’s growth outlook remains weak, with GDP expected at only 2% in 2024. Sluggish global demand, slower exports, and inflationary pressures continue to weigh on businesses across the region. Coface’s Latin America Corporate Payment Survey 2024 provides critical insights into what lies ahead.
Risk Review – Triannual economic outlook
The Risk Review (previously Coface Barometer) provides a comprehensive analysis of global macroeconomic trends three times a year. It assesses country and sector-specific risks to help businesses anticipate challenges and make secure international trade decisions.
📄 Risk Review June 2026 - Download the full report
From Southeast Asia to Europe, the effects of recent geopolitical tensions are becoming increasingly visible. Indonesia, Malaysia, Vietnam and the Philippines have all been downgraded in our country risk assessments, while transport and pharmaceutical sectors are facing mounting challenges in several markets. This edition of the Risk Review explores the key shifts in country and sector risk, alongside the economic trends reshaping the global business environment.
📄 Risk Review February 2026 - Download the full report
After a year of unexpected resilience, the global economy is entering a delicate phase. Companies adapted well in 2025, keeping growth at 2.8%, but the outlook for 2026 shows signs of strain. China’s slower pace and lingering trade tensions, especially with the U.S., are expected to weigh on expansion, bringing growth down to around 2.6%.
📄 Risk Review October 2025 - Download the full report
Global growth holds steady at 2.6% in 2025, supported by U.S. consumer strength and recovery signs in Europe. But political risks have surged to historic highs, while corporate insolvencies continue to climb worldwide, notably in Switzerland, Italy, and Hong Kong.
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