For the fourth consecutive year, global growth will fail to exceed 3%. In this context, Coface is downgrading several country assessments among emerging markets, particularly in Latin America, which will be in recession this year: Brazil, Ecuador, Chile and Trinidad and Tobago. The level of risk has also increased in Malaysia, Tunisia and Armenia. In contrast, outlook for Hungary has been upgraded to positive, as a symbol of central Europe which is benefitting from the timid Eurozone recovery. Discover detail of the Coface grade in this document.
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