Our Atradius Risk Map quarterly updates focus on three of the top countries that are showing movement and change in their risk levels based on a variety of data sources.
The rating is based on the STAR rating system created by the Atradius Economic Research Team. It assesses political and economic risks, or civil unrest and conflict. More information on the STAR rating can be found at https://atradius.us/article/risk-map.html.
Last quarter we focused on Russia, Belarus, and Ukraine. All three countries were negatively impacted due to the Russia Ukraine war, and were expected to continue to feel the effects in the near future.
This quarter, the countries highlighted are Kenya, El Salvador, and Cote d’Ivoire. Kenya is facing many challenges such as their financial pressures due to an expanding gap in account deficits, climbing global interest rates, and rising external debts. In addition, Kenya now faces their recent presidential election results, adding another aspect to their level of risk. El Salvador adopted Bitcoin as their National currency, which has conflicted with some of their goals of reducing default risks. Also, they’re facing a more strained relationship with the U.S. as the country’s government lacks commitment to democracy. Cote d’Ivoire’s risk is on the mend this quarter in comparison to the two other countries. Their economy is on the rise, and depends heavily on the agriculture sector.
Our new Q2 Atradius Risk Map video goes more in depth on these three countries and the reasoning behind their ratings. Stay tuned for the Q3 Atradius Risk Map to see where the world economy might lead to next.
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