- Sector risk assessments - July 2019
- 2016 Activity report
- Panorama Poland payment survey - Payment delays pervade polish corporates
News and Publications
Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers03/17/2021
The COVID-19 pandemic’s negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.
The year 2020 was marked by the COVID-19 pandemic. In order to mitigate the impact of this difficult economic situation on Polish companies, various liquidity-supporting aid measures were introduced, such as tax and contribution exemptions and deferrals. As a result, despite the extensive economic crisis, payment delays between companies have shortened – however, with these aid measures are to be phased out in 2021, two thirds of companies expect their business activities to deteriorate this year.
In its latest quarterly Barometer and on the occasion of the publication of the country and sector risk guide, Coface highlights an uneven recovery across countries, sectors of activity and income levels.
- Insolvencies in France: +22,000 businesses left dangling
- Middle East & Africa: volatile oil prices lead to varying effects on producing countries, including diversification
- Poland Corporate Payment Survey 2021: amid support programmes, corporate payment delays have shortened during the pandemic