Your Monday morning coffee briefing from TFG. FCI reports a drop in global factoring statistics in 2020, linked to a drop in trade volumes due to the pandemic.
Trade Finance Global (TFG) is excited to announce that we have partnered with Trade and Export Finance (TXF) for two of their upcoming 2021 flagship conferences
Your Monday morning coffee briefing from TFG. The world is emerging from a deep recession, and the recovery is coming faster than expected. With more than 800m vaccines administered globally, activity holding up despite lockdowns and additional fiscal stimulus coming. The IMF expects the global economy to stage a strong recovery, growing by 6.0% this year, with growth of 4.4% in 2022.
Your Monday morning coffee briefing from TFG. The IMF upgraded its growth forecasts for developed countries and said the global recession would have been three times as deep had governments not intervened.
Your Monday morning coffee briefing from TFG. A container ship ran aground, blocking the Suez Canal which carries about 12% of global maritime trade. The blockage may take some time to clear, further disrupting global shipping, already beset by high freight costs and delays caused by the pandemic.
More than 90% cost savings could be possible from using distributed ledger technology to handle authoritative digital original documents
Your Monday morning coffee briefing from TFG. The OECD upgraded its forecasts for global growth this year, mainly due to the sizeable $1.9t stimulus in the US. UK exports to the EU fell by a record 40.7% in January following the end of the post-Brexit transition period.
The first half of 2021 should be similar to the year 2020, marked by the strongest global recession since the end of the Second World War.
New research by Barclays Corporate Banking reveals the premium international consumers are prepared to pay for products ‘made in Britain’
Your Monday morning coffee briefing from TFG. UK prime minister Boris Johnson set out his ‘roadmap’ to ease current public health restrictions in England. Global trade grew by 4.0% in the fourth quarter of last year compared to the previous quarter. Trade volumes for 2020 as a whole were down 5.3%.
Your Monday morning coffee briefing from TFG. The UK hits its first vaccine target, though new quarantine hotels expected to bring disruption. Italy swears in former ECB president Mario Draghi as its new prime minister. Sussexes expecting a second child.
Your Monday morning coffee briefing from TFG. Tighter travel and daily restrictions are expected to be rolled out across European countries as concern grows over new variants from South Africa and Brazil.
We heard from the CBI’s Andy Burwell, on the UK’s independent trade agenda post Brexit, focusing on the EU, Japan and ASEAN.
The UK’s exporters could face a Brexit bill worth as much as £25bn in lost revenues in 2021, according to a new report by Euler Hermes.
Both ‘bill discounting’ and ‘invoice factoring’ are types of financial instruments that are used to provide working capital to businesses from accounts receivables (i.e., unpaid invoices).