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COVID-19 leaves businesses urgently looking for ways to weather the pandemic storm According to IMF figures published in Aon’s latest C Suite Series report on Credit Solutions, the global economy grew by just 3% during 2019, the lowest rate of growth since the recession of 2009, with further slowdown expected in 2020. This prediction, however, was made before the outbreak of COVID-19 which is now expected to push the global economy into recession. One direct consequence could be a reassessment of the use of credit insurance by companies urgently seeking ways to maintain revenue, protect their balance sheets from bad debt, while securing access to bank funding.

Please find full report here:  Aon COVID 19 Credit Solutions March 2020

 

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