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Welcome to the latest issue of D&B's Country Insight Update.
Our global growth forecast for 2018 is 3.14%, a little up from 2017 (the best performance since 2011). Although growth will remain around this level until 2022, the outlook will be punctuated by periods of higher uncertainty. At present, specific political factors in Venezuela, Italy, Russia, Iran and North Korea mean that a number of regions are facing localised tensions.
Several of these factors have played into the sharp increase in oil price in recent weeks, which briefly touched the USD80 per barrel (/b) mark in May – its highest level for nearly four years. While that spike benefitted oil-exporting countries and international oil companies, it will create extra costs for energy-dependent countries and sectors, such as transportation.
Meanwhile, the return of a strong US dollar, allied to structural weaknesses in a number of economies, is resulting in pressure on currencies in important emerging economies, foremost Argentina, Brazil, Turkey and Russia.
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.
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.
D&B Country Insight Services provides analysis on over 130 countries worldwide and its products are available for purchase online by D&B subscribers.
If you wish to order reports using your D&B subscription please click on the link and select the country/region in which you are registered as a D&B subscriber.
Non-D&B subscribers wishing to order reports please contact Customer Services at your local Bisnode D&B Office.