Coface Country and Sector Risk Barometer – Q4 2023: 2024, a pivotal year

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HONG KONG SAR – Media OutReach Newswire – 6 February 2024 – After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy. In this context, we have modified 13 country risk assessments (12 upgrades and 1 downgrade) and 22 sector risk assessments (17 upgrades and 5 downgrades), reflecting a significant improvement in the outlook, albeit fragile, in an environment that remains highly unstable and therefore uncertain.