with its manufacturing sector already there – and witness net growth of just 0.6 % by the end of 2020 . France and Italy , on the other hand , will record growth rates of just 1.2 % and 0.4 % respectively .
Our global insolvency index is forecasted to increase by 8 % both in 2019 and 2020 , with a still noticeable 1 % increase in Asia and a 3 % rebound in Western Europe .
“ AI AND ROBOTICS WILL ENABLE FIRMS TO CONTINUE TO UPSKILL STAFF AND DRIVE EFFICIENCIES , HELPING TO IMPROVE PROFITABILITY ”
Shannon Murphy , Assistant Head of Risk Underwriting , Euler Hermes
ABOUT US
We predict trade and credit risk today , so companies can have confidence in tomorrow . Euler Hermes is the global leader in trade credit insurance and a recognised specialist in the areas of surety , collections , structured trade credit and political risk . Our proprietary intelligence network analyses daily changes in corporate solvency representing 92 % of global GDP . We give companies the confidence to trade , and be paid . We compensate your company in the event of a bad debt , but more importantly , we help you avoid bad debt in the first place . Whenever we provide trade credit insurance or other finance solutions , our priority is predictive protection . But , when the unexpected arrives , our AA credit rating means we have the resources , backed by Allianz to provide compensation to maintain your business . Headquartered in Paris , Euler Hermes is present in 52 countries with 6,050 employees . In 2017 , our consolidated turnover was € 2.6bn and insured global business transactions represented € 894bn in exposure .
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