Insolvency trend as forecasted by Euler Hermes

The general forecast suggests a moderate drop in the global economic growth and an increase in insolvencies throughout the world. The situation varies between the regions of the world, however. Major uncertainties in 2008 arise from the U.S. mortgage crisis and its unforeseeable impact on financial institutions. This also affects, to a certain extent, West-European countries. Stagnation of or a slight increase in insolvencies is expected here. The mortgage crisis will have adverse effects on the global economy, except small islands of strong economic growth, such as East Europe, Brazil and Middle East.

• Insolvency outlook
• Macroeconomic indicators

•  Slovenčina