Atradius

17 May 2024:

Automotive Industry Trends May 2024

  • After a 11.1% surge in 2023 we expect motor vehicles and parts output growth to slow down to 0.8% in 2024 and to 1.4% in 2025, due to subdued demand.

 


10 May 2024:

Coping with unsustainable debt

  • A series of adverse developments have increased the debt problems of vulnerable countries. The Covid-19 pandemic and the Russian invasion of Ukraine led to disrupted global supply chains, higher inflation and rising interest rates. These external shocks came on top of policy failures and other domestic problems, creating a perfect storm for many countries. In the past three years, the number of sovereign debt defaults in developing countries totalled 18, outstripping the total over the previous two decades. More may follow in the coming year as 20 countries eligible to borrow from the World Bank’s International Development Association (IDA) are at high risk of debt distress.
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