The Saudi shift: A credit professional’s guide to navigate an evolving economy
April 11, 2025
Despite its improvements, Saudi Arabia’s economy still struggles—hindered by oil dependency, high youth unemployment, fiscal sustainability challenges and fluctuating oil revenues. However, its economic reform plans, particularly Vision 2030, have improved the quality of life for their citizens and residents by expanding opportunities for growth, fostering greater global integration and enhancing governmental efficiency.
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This Week’s New Articles
Credit Risk Insurers & Bank News
07 April 2025
Updates every Monday.
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Allianz
➦ When an unprecedented tariff salvo plunged the world into a (temporary?) full-fledged trade war
On 9 April, the US import tariff rate will hit its highest level since the 1890s at 20.6%. Some retaliated, others negotiated. The environment will remain fluid, increasing the cost of uncertainty. -
Atradius
➦ Insolvencies normalise, but trade war brings new risks
Global insolvencies are expected to remain at approximately the same level in 2025 as in 2024, followed by a more pronounced decline of 5% year-on-year in 2026. -
Coface
➦ US ‘reciprocal’ tariffs: Trade war is declared
On April 2nd, or the so-called Liberation Day, President Donald Trump announced a drastic increase in tariffs on all trading partners: at least 10% for all countries, and much higher for some. Whether or not these measures remain in force remains an open question, but they are already an unprecedented shock to the post-war global trading system.➦ Why the Brazilian economy is still not taking off
Fifteen years after hopes of economic development, the ‘Brazilian paradox’ shows that the country is still struggling to take off and realize its potential as an emerging power. Over the last ten years, its growth has remained weak and the share of manufactured goods in its exports has decreased.➦ China: Longer payment terms helped mitigate increases in payment delays
Coface’s survey on Chinese corporate payment behavior shows growing caution among suppliers to offer credit sales and extended collection period in 2024. -
Credendo
➦ United States: Large increase in import tariffs will have detrimental impacts on global trade and global economy
On 2 April, the so-called “Liberation Day”, President Donald Trump announced a Reciprocal Tariff Policy that will apply a minimum baseline tariff of 10% and reciprocal tariffs on imports from US trading partners.➦ The Gambia: A positive outlook prevails amidst adverse global conditions
Gambia continues on its path of economic recovery following a tough political transition, the Covid-19 pandemic and the indirect impact of the Russian invasion in Ukraine. -
Goldman Sachs
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Marsh
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Wells Fargo
➦ Liberation day
Meanwhile Everywhere Else…➦ Strategic implications of “Liberation Day”
Liberation Day in the United States came with extremely protectionist and inward-looking tariff policy aimed at just about all U.S. trading partners. In this report, we outline some of the more strategic implications of Liberation Day and developments we will be paying close attention to going forward. -
World Economic Forum
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Election Guide
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