Welcome to the latest issue of D&B's Country Insight Update.
President Trump’s assertive ‘America First’ policy has set in train a cycle of tit-for-tat tariff measures, not just between the US and China but also among other countries and blocs such as the EU and the US. These threaten global trade flows, including big supply chains – such as those for Chinese industrial parts shipped to the US and those of Europe’s automotive manufacturers.
The uncertainty inspired by the prospect of these barriers is affecting global financial markets, encouraging a flight to safe havens. As a result, the US dollar has gained renewed support, and vulnerable emerging currencies – for example in Argentina, Brazil, India, Mexico, Russia and Turkey – face further pressure. However, this is not yet the case for all emerging economies, and some, particularly in Asia, saw their currencies and stocks prove a little more resilient – at least temporarily – in Q2.
In any case, if the economic growth peak has been passed even before interest rates normalise, we are concerned about the levels of debt as a percentage of GDP (household, non-financial corporate and government) at a time when interest rates are rising or are set to rise.
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.
D&B Country Insight 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.
President Macri's falling popularity jeopardises planned reforms.
Payment performance improves but remains below the European average.
A free-trade agreement with China could be signed in November.
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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