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Country Report: South Africa
The main challenge ahead for the government is to revive the economy after the massive adverse impact of the pandemic on South Africa. Job losses have sharply increased (a 31.5% unemployment rate in 2021), and household incomes deteriorated, hitting a country that already recorded high levels of inequality, unemployment and poverty before the coronavirus outbreak. … Read more
China’s Rising Payment Risks
Overall, the Chinese economy expanded by 2.3% in 2020, being the only major economy to record growth, and Coface expects the GDP to accelerate to a 7.5% growth in 2021.This would be the fastest pace since 2013, and comfortably above the minimum of 6% set by the authorities. In normal times, higher economic growth should … Read more