Higher counterparty risk in Asia, says credit insurer
Decelerating demand from the west for goods from Asia could impact the region’s economic growth, particularly exports from China and Japan, according to Ludovic Subran, chief economist at Franco-German credit insurer Euler Hermes. This, he said, could lead to a 2.5% rise in corporate insolvencies in Asia next year, after a 3.1% year on year fall in 2012.