A respectable, but risky recovery.
Analysts with trade credit insurer Coface said it has raised its 2010 world growth forecast to...
in the NewsState of Logistics 2016: Pursue mutual benefit 2017 AIA Board of Directors election results announced Evan Armstrong shares views on 3PL’s expanding role in returns Top 5 Trends in Enterprise Labeling U.S. West Coast ports continue to dominate More News
Analysts with trade credit insurer Coface said it has raised its 2010 world growth forecast to 3 percent. Coface, which provides protection for businesses against financial failure by their customers, issued a report in April stating that the United States’ A2 rating is under positive watch. Given the strong performance of the U.S. at the end of 2009, Coface analysts revised their forecast upward to 2.3 percent. They warned, however, that the nation still had much to do before reaching its “pre-crisis” A1 rating. Furthermore, said analysts, there is some apprehension of a U.S. business slowdown during the year “due to a weakening of the favorable effects of the budget stimulus.” Meanwhile, Canada, Australia, and New Zealand are benefiting from the recovery in Asia, as demand for raw materials is ramping up. All three nations have been given an AI rating by Coface.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Carrier Consolidation Keeps Shippers Guessing Getting Value from the Cloud View More From this Issue