Poland’s economy remains one of the strongest in the European Union (EU), even as contentious election reveals political tensions within the country. Karol Nawrocki from the conservative party won the June 1 election with 51% of the votes, beating out the left-leaning Rafal Trzaskowski.

As a credit manager, you are likely familiar with the sinking feeling you get after learning a customer has filed for bankruptcy. Whether they are aiming to reconstruct or liquidate their business entirely, customers filing for bankruptcies can send even the most experienced credit managers scrambling.  

The accounts receivable (AR) department is a vital part of an organization’s financial health, ensuring timely payment of invoices and maintaining accurate records of receivables. However, any sudden change in business environment, size or organizational structure can drastically affect how efficiently the AR department operates.

NACM’s seasonally adjusted combined Credit Managers’ Index (CMI) for May 2025 improved 0.7 points to 54.7. “The improvement in May was somewhat unexpected given that 10% across the board tariffs were put in place the first week of April along with very high tariffs that affected all imports from China,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

Knowledge is a powerful catalyst—it not only equips you to make smarter decisions but also empowers you to push beyond your limits and grow in ways you never thought possible. For over 50 years, NACM and FCIB’s six-level Professional Certification Program has been a trusted resource for education and professional growth in the credit management field. 

After two years of contraction, Germany’s economic growth is set to plateau. Following a 0.2% decline in gross domestic product (GDP) the previous year, experts anticipate little to no economic growth in 2025. This contraction is largely due to ongoing trade conflict with the United States.

Automation has significantly reshaped credit practices by streamlining processes, reducing manual errors and enhancing productivity. In the construction credit space, where efficiency, accuracy and timely decision-making are critical, automation has served as a powerful tool. 

Under any circumstance, it is difficult to predict where the economy will be in the coming weeks, months or years. With ongoing trade wars between the United States and major trade allies and fluctuating tariffs that are subject to change at a moment’s notice, it can be even harder.