Read More: http://c.newsnow.co.uk/A/1036308972?

The global economy’s benign outlook looks set to lose steam in 2019. Atradius’ latest Insolvency Forecasts for August 2018 note that the global economy currently looks healthy with a broad-based upswing bringing GDP growth to 3.1% this year – the fastest expansion since 2011- and a 4.6% decrease in insolvencies across advanced markets. However, looking slightly ahead, Atradius cautions that global growth looks set to lose momentum, and is set to ease to 2.9% in 2019 as downside risks, especially from trade policy uncertainty, increase. As a result, although Eurozone insolvencies are projected to fall by 5% this year, in 2019 they are projected to fall by only 1.8%. Atradius also warns that the US’ current boom (GDP growth of 2.8% in 2018 and an 8% reduction in insolvencies) is likely to be temporary. To read Atradius’ news release go to https://group.atradius.com/publications/economic-research/insolvency-forecast-August-2018.html.