The global economy was vulnerable and filled with crises in 2018. Economic uncertainties and the return of protectionism have piled great pressure on the world’s economy.
Retrospect and Prospect in 2018 and 2019
The strong economic growth in 2017 has slackened in 2018. As the economic recoveries in the US and Europe have lost their momentum, global regions turn hostile and international trade tensions escalate. Challenging factors and significant risks including the rise of populism, geopolitical conflicts, tightening monetary policy by the US Federation, the US dollar appreciation, currency depreciation in emerging economies, capital outflows, stock market decline, and rising global debt, resulting in economic instability and heightened global tensions. Moreover, currency crises in Argentina, Russia, and Turkey raised concerns spreading through global markets. The complicated Brexit negotiations and ongoing US-China Trade War had a severe impact on enterprises widely across countries and sectors.
As a global leader of debt collection, RMS is sharing the IQOR RMS 2018 Collectability Index. We have classified the data of 17 industries and 15 countries from our cases in 2018 which shows the debt collection trend according to various industries and countries.
17 industries include: Garments / Building Materials / Chemistry / Computer Equipment / Electronics / Financial Services / Food / Furniture / Wood / Machinery & Equipment / Metals / Consumer Goods / Paper Products / Telecommunications / Textiles / Toys & Sporting Goods / Transportation
We will be sharing and analyzing in our next blog the economic performance of particular industries and countries in 2018.
Photo by Jeffrey Swanson on Unsplash
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