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A robust economic rebound expected in 2021, but major downside risks remain

As several vaccines have been approved and are being rolled out, we expect the global economy to rebound in 2021

After the Covid-19 pandemic sent a shockwave to the global economy, we are looking at new hope as economies are gradually reopening

The repercussions of coronavirus have hit an already weakening economy.

Heavy dependence on informal labour markets and tourism exacerbates the Covid-19 shock

Asia coped relatively well with the Covid-19 pandemic and an economic recovery is expected in 2021, though with several challenges to trade in the region

Recession softened by fiscal and monetary measures

The coronavirus pandemic and an oil price slump are a double blow to economies in the Middle East and North Africa

More businesses in Slovakia reported a negative impact on profitability than anywhere else in Eastern Europe.

Despite COVID-induced economic crisis, business confidence remains upbeat moving into 2021.

Prior to the pandemic, trade credit was used in more than 80% of B2B sales in the Czech Republic. After the virus brought most of the world to a standstill, this plummeted to about 50%.

Despite a massive increase in overdue receivables due to the pandemic, Polish industry is largely upbeat about the outlook for 2021.

COVID-19 and the following recession have had a significant impact on economies throughout the world. Greece was not the exception.

Sweden has followed its own path during the COVID-19 pandemic and, although more people are working from home than before, the country has avoided the lockdowns seen elsewhere in Europe.

Despite negative impacts of the pandemic, businesses in Ireland remain upbeat

The economic growth that Bulgaria had been enjoying last year stalled with the onset of the COVID-19 induced recession. Ongoing economic challenges are causing stress for Bulgaria-based businesses.

Widespread use of credit insurance, combined with anti-insolvency support and legislation, has helped insulate many businesses from the more negative economic impacts of the pandemic.

Late payments have surged by more than 80% in the UK following the onset of the pandemic and the subsequent recession

A considerable number of German companies still underestimate the risk of payment default in domestic business

The COVID-19 economic downturn has had a great impact on businesses in Italy. The country endured one of the longest and most stringent lockdowns in Europe.